BB&T Securities LLC reduced its holdings in shares of Camden Property Trust (NYSE:CPT) by 14.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,913 shares of the real estate investment trust’s stock after selling 816 shares during the quarter. BB&T Securities LLC’s holdings in Camden Property Trust were worth $447,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Camden Property Trust by 1.0% during the 1st quarter. BlackRock Inc. now owns 12,062,800 shares of the real estate investment trust’s stock valued at $1,015,447,000 after buying an additional 122,290 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Camden Property Trust by 13.0% during the 2nd quarter. Centersquare Investment Management LLC now owns 2,481,175 shares of the real estate investment trust’s stock valued at $226,110,000 after buying an additional 285,268 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Camden Property Trust by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,571,979 shares of the real estate investment trust’s stock valued at $143,253,000 after acquiring an additional 43,808 shares in the last quarter. Citadel Advisors LLC raised its position in shares of Camden Property Trust by 145.5% during the 1st quarter. Citadel Advisors LLC now owns 1,383,057 shares of the real estate investment trust’s stock valued at $116,426,000 after acquiring an additional 819,745 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Camden Property Trust by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,353,117 shares of the real estate investment trust’s stock valued at $123,310,000 after acquiring an additional 30,454 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

In other Camden Property Trust news, CFO Alexander J. Jessett sold 9,674 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $94.61, for a total value of $915,257.14. Following the sale, the chief financial officer now directly owns 58,012 shares of the company’s stock, valued at $5,488,515.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William W. Sengelmann sold 31,895 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $94.42, for a total value of $3,011,525.90. Following the completion of the sale, the executive vice president now directly owns 78,276 shares in the company, valued at $7,390,819.92. The disclosure for this sale can be found here. Insiders sold 245,731 shares of company stock worth $23,087,928 over the last ninety days. 4.70% of the stock is owned by corporate insiders.

Shares of NYSE CPT opened at $94.91 on Monday. Camden Property Trust has a 1-year low of $78.19 and a 1-year high of $95.67. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 3.18 and a beta of 0.27.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.78). Camden Property Trust had a return on equity of 5.79% and a net margin of 21.65%. The company had revenue of $237.10 million during the quarter, compared to analyst estimates of $235.47 million. During the same period in the prior year, the business earned $1.15 earnings per share. Camden Property Trust’s quarterly revenue was up 6.1% on a year-over-year basis. sell-side analysts anticipate that Camden Property Trust will post 4.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 27th. Camden Property Trust’s dividend payout ratio is presently 67.99%.

Several equities research analysts recently issued reports on CPT shares. Goldman Sachs Group raised Camden Property Trust from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, May 31st. TheStreet raised Camden Property Trust from a “c+” rating to a “b-” rating in a research report on Thursday, May 31st. Bank of America upped their price target on Camden Property Trust from $103.00 to $104.00 and gave the company a “buy” rating in a research report on Friday, June 8th. Zacks Investment Research raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Tuesday, July 17th. Finally, Sandler O’Neill set a $105.00 price target on Camden Property Trust and gave the company a “buy” rating in a research report on Friday, August 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.43.

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 158 properties containing 54,181 apartment homes across the United States.

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

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