Public Employees Retirement System of Ohio reduced its position in Camden Property Trust (NYSE:CPT) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,676 shares of the real estate investment trust’s stock after selling 4,528 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of Camden Property Trust worth $13,184,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CPT. Citadel Advisors LLC increased its holdings in Camden Property Trust by 145.5% in the first quarter. Citadel Advisors LLC now owns 1,383,057 shares of the real estate investment trust’s stock valued at $116,426,000 after buying an additional 819,745 shares during the last quarter. Millennium Management LLC increased its holdings in Camden Property Trust by 138.9% in the first quarter. Millennium Management LLC now owns 875,619 shares of the real estate investment trust’s stock valued at $73,710,000 after buying an additional 509,066 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in Camden Property Trust by 13.0% in the second 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. Voya Investment Management LLC increased its holdings in Camden Property Trust by 1,134.5% in the second quarter. Voya Investment Management LLC now owns 301,756 shares of the real estate investment trust’s stock valued at $27,499,000 after buying an additional 277,313 shares during the last quarter. Finally, Standard Life Aberdeen plc bought a new stake in Camden Property Trust in the second quarter valued at about $21,565,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

In related news, COO H Malcolm Stewart sold 21,017 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $94.47, for a total value of $1,985,475.99. Following the completion of the transaction, the chief operating officer now directly owns 187,430 shares of the company’s stock, valued at approximately $17,706,512.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alexander J. Jessett sold 9,674 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 58,012 shares of the company’s stock, valued at $5,488,515.32. The disclosure for this sale can be found here. Insiders sold a total of 245,731 shares of company stock valued at $23,087,928 over the last three months. Corporate insiders own 3.90% of the company’s stock.

CPT has been the subject of several recent research reports. Sandler O’Neill set a $105.00 target price on Camden Property Trust and gave the company a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Tuesday, July 17th. Deutsche Bank upped their target price on Camden Property Trust from $92.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Bank of America upped their target price on Camden Property Trust from $103.00 to $104.00 and gave the company a “buy” rating in a report on Friday, June 8th. Finally, Goldman Sachs Group raised Camden Property Trust from a “buy” rating to a “conviction-buy” rating in a report on Thursday, May 31st. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $94.43.

NYSE:CPT opened at $94.91 on Monday. The company has a market cap of $8.81 billion, a PE ratio of 20.95, a P/E/G ratio of 3.18 and a beta of 0.27. 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 0.64, a current ratio of 0.54 and a quick ratio of 0.54.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $237.10 million during the quarter, compared to the consensus estimate of $235.47 million. During the same period last year, the company earned $1.15 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. equities research analysts anticipate that Camden Property Trust will post 4.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Friday, September 28th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 27th. Camden Property Trust’s dividend payout ratio (DPR) is 67.99%.

About Camden Property Trust

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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