Dimensional Fund Advisors LP boosted its holdings in Camden Property Trust (NYSE:CPT) by 1.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,374,645 shares of the real estate investment trust’s stock after acquiring an additional 21,528 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Camden Property Trust were worth $128,618,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. raised its position in Camden Property Trust by 1.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 82,774 shares of the real estate investment trust’s stock worth $7,543,000 after buying an additional 1,405 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Camden Property Trust by 5.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,295 shares of the real estate investment trust’s stock worth $1,029,000 after buying an additional 630 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Camden Property Trust by 4.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 406,981 shares of the real estate investment trust’s stock worth $37,088,000 after buying an additional 18,569 shares during the last quarter. Wells Fargo & Company MN raised its position in Camden Property Trust by 13.7% during the 2nd quarter. Wells Fargo & Company MN now owns 365,592 shares of the real estate investment trust’s stock worth $33,317,000 after buying an additional 43,980 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Camden Property Trust during the 2nd quarter worth approximately $1,358,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Shares of CPT opened at $94.36 on Friday. Camden Property Trust has a 52-week low of $78.19 and a 52-week high of $95.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.95 and a beta of 0.36.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.79). Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. The business had revenue of $241.77 million for the quarter, compared to analyst estimates of $238.79 million. As a group, analysts forecast that Camden Property Trust will post 4.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $3.08 annualized dividend and a yield of 3.26%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.99%.

A number of equities analysts have issued reports on the stock. SunTrust Banks raised their price target on shares of Camden Property Trust to $95.00 and gave the stock an “average” rating in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Royal Bank of Canada raised their price target on shares of Camden Property Trust to $97.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th. Capital One Financial assumed coverage on shares of Camden Property Trust in a research report on Monday, October 22nd. They set an “equal weight” rating and a $96.00 price target for the company. Finally, Robert W. Baird raised shares of Camden Property Trust from a “neutral” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Tuesday, November 20th. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $95.29.

In other Camden Property Trust news, Director William B. Mcguire sold 2,190 shares of Camden Property Trust stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $92.60, for a total transaction of $202,794.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael P. Gallagher sold 1,841 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $94.38, for a total transaction of $173,753.58. Following the transaction, the insider now directly owns 24,783 shares in the company, valued at approximately $2,339,019.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,505 shares of company stock worth $8,947,652. 4.70% of the stock is currently owned by corporate insiders.

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Camden Property Trust Company 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 159 properties containing 54,480 apartment homes across the United States.

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

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