GSA Capital Partners LLP decreased its position in shares of Camden Property Trust (NYSE:CPT) by 43.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,206 shares of the real estate investment trust’s stock after selling 3,172 shares during the period. GSA Capital Partners LLP’s holdings in Camden Property Trust were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. increased its position in Camden Property Trust by 3.9% during the second quarter. UBS Asset Management Americas Inc. now owns 417,932 shares of the real estate investment trust’s stock worth $35,737,000 after buying an additional 15,712 shares during the period. Quantitative Investment Management LLC acquired a new position in Camden Property Trust during the second quarter worth approximately $8,645,000. Lazard Asset Management LLC increased its position in Camden Property Trust by 75,170.2% during the second quarter. Lazard Asset Management LLC now owns 217,531 shares of the real estate investment trust’s stock worth $18,601,000 after buying an additional 217,242 shares during the period. Mutual of America Capital Management LLC increased its position in Camden Property Trust by 2.1% during the second quarter. Mutual of America Capital Management LLC now owns 76,844 shares of the real estate investment trust’s stock worth $6,571,000 after buying an additional 1,613 shares during the period. Finally, Ken Stern & Associates Inc. increased its position in Camden Property Trust by 5.4% during the second quarter. Ken Stern & Associates Inc. now owns 6,831 shares of the real estate investment trust’s stock worth $580,000 after buying an additional 351 shares during the period. 90.58% of the stock is currently owned by institutional investors.

Several research analysts have commented on CPT shares. Royal Bank Of Canada lifted their price target on Camden Property Trust from $91.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $93.00 price target on shares of Camden Property Trust in a research report on Wednesday, October 4th. KeyCorp lifted their price target on Camden Property Trust from $93.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Sandler O’Neill raised Camden Property Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $105.00 in a research report on Tuesday, September 5th. Finally, Stifel Nicolaus started coverage on Camden Property Trust in a research report on Friday, September 1st. They set a “buy” rating and a $99.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Camden Property Trust presently has an average rating of “Hold” and an average price target of $92.06.

In related news, EVP Alexander J. Jessett sold 11,788 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 56,783 shares of the company’s stock, valued at approximately $5,099,681.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President D Keith Oden sold 86,540 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.43, for a total value of $7,739,272.20. The disclosure for this sale can be found here. In the last three months, insiders sold 118,584 shares of company stock worth $10,618,035. Company insiders own 4.70% of the company’s stock.

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Camden Property Trust (NYSE:CPT) opened at 94.11 on Friday. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 21.05 and a beta of 0.41. Camden Property Trust has a 12-month low of $75.36 and a 12-month high of $96.39. The stock has a 50 day moving average price of $92.57 and a 200-day moving average price of $87.13.

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, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $222.40 million for the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a return on equity of 13.17% and a net margin of 46.10%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. Equities 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. Investors of record on Friday, September 29th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is 67.11%.

About Camden Property Trust

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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