Camden Property Trust (CPT) Position Lowered by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in shares of Camden Property Trust (NYSE:CPT) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,209 shares of the real estate investment trust’s stock after selling 3,254 shares during the quarter. Voya Investment Management LLC owned approximately 0.09% of Camden Property Trust worth $6,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in CPT. UBS Asset Management Americas Inc. raised its holdings in shares of Camden Property Trust by 26.2% during the first quarter. UBS Asset Management Americas Inc. now owns 402,220 shares of the real estate investment trust’s stock valued at $32,363,000 after acquiring an additional 83,478 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Camden Property Trust by 14.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,655 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 471 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Camden Property Trust by 12.7% during the first quarter. SG Americas Securities LLC now owns 8,894 shares of the real estate investment trust’s stock valued at $716,000 after acquiring an additional 999 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Camden Property Trust by 325.0% during the first quarter. United Services Automobile Association now owns 17,186 shares of the real estate investment trust’s stock valued at $1,383,000 after acquiring an additional 13,142 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Camden Property Trust by 39.9% during the first quarter. Teachers Advisors LLC now owns 152,829 shares of the real estate investment trust’s stock valued at $12,297,000 after acquiring an additional 43,573 shares in the last quarter. Institutional investors own 90.58% of the company’s stock.

A number of equities analysts recently commented on CPT shares. BMO Capital Markets restated a “buy” rating and set a $95.00 target price on shares of Camden Property Trust in a report on Friday, September 8th. Sandler O’Neill upgraded Camden Property Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $93.00 to $105.00 in a report on Tuesday, September 5th. Stifel Nicolaus started coverage on Camden Property Trust in a report on Friday, September 1st. They set a “buy” rating and a $99.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and set a $91.00 target price on shares of Camden Property Trust in a report on Sunday, July 16th. Finally, Barclays PLC upped their price target on Camden Property Trust from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Camden Property Trust currently has an average rating of “Buy” and a consensus price target of $92.20.

Shares of Camden Property Trust (NYSE CPT) opened at 92.99 on Wednesday. The stock has a 50 day moving average price of $92.19 and a 200-day moving average price of $86.89. Camden Property Trust has a 1-year low of $75.36 and a 1-year high of $96.39. The stock has a market capitalization of $8.15 billion, a PE ratio of 20.80 and a beta of 0.41.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The business had revenue of $222.40 million for the quarter, compared to the consensus estimate of $222.44 million. During the same period last year, the business posted $1.15 EPS. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Camden Property Trust will post $1.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be issued a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.23%. Camden Property Trust’s dividend payout ratio is presently 67.11%.

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In other news, EVP Alexander J. Jessett sold 11,788 shares of Camden Property Trust stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.81, for a total value of $1,058,680.28. Following the transaction, the executive vice president now directly owns 56,783 shares in the company, valued at approximately $5,099,681.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William W. Sengelmann sold 5,085 shares of Camden Property Trust stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $90.15, for a total value of $458,412.75. Following the completion of the transaction, the executive vice president now owns 71,836 shares in the company, valued at $6,476,015.40. The disclosure for this sale can be found here. Insiders sold a total of 118,584 shares of company stock worth $10,618,035 over the last quarter. Company insiders own 4.70% of the company’s stock.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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