State of Alaska Department of Revenue trimmed its stake in Camden Property Trust (NYSE:CPT) by 45.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,940 shares of the real estate investment trust’s stock after selling 21,179 shares during the period. State of Alaska Department of Revenue’s holdings in Camden Property Trust were worth $2,768,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Camden Property Trust by 8.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,470 shares of the real estate investment trust’s stock worth $2,868,000 after purchasing an additional 2,044 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Camden Property Trust by 4.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 47,424 shares of the real estate investment trust’s stock worth $4,951,000 after purchasing an additional 2,150 shares during the last quarter. BlackRock Inc. grew its position in Camden Property Trust by 0.8% in the 2nd quarter. BlackRock Inc. now owns 13,289,889 shares of the real estate investment trust’s stock worth $1,387,330,000 after purchasing an additional 104,896 shares during the last quarter. Natixis lifted its holdings in shares of Camden Property Trust by 26.1% during the 2nd quarter. Natixis now owns 3,553 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 736 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Camden Property Trust by 27.3% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,400 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 300 shares during the period. Institutional investors own 93.40% of the company’s stock.
In related news, Director William B. Mcguire sold 1,979 shares of Camden Property Trust stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $104.12, for a total transaction of $206,053.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.
CPT stock traded down $0.01 during trading on Wednesday, hitting $112.76. 35,520 shares of the stock traded hands, compared to its average volume of 500,186. Camden Property Trust has a one year low of $83.67 and a one year high of $113.59. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 3.20 and a beta of 0.41. The company has a 50 day simple moving average of $109.58 and a 200 day simple moving average of $105.21. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.67.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.84). Camden Property Trust had a net margin of 16.05% and a return on equity of 4.48%. The firm had revenue of $255.76 million for the quarter, compared to the consensus estimate of $252.76 million. During the same period in the prior year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts predict that Camden Property Trust will post 5.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, September 27th. Camden Property Trust’s dividend payout ratio is currently 67.09%.
Camden Property Trust Profile
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.
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