Daiwa Securities Group Inc. increased its stake in shares of Camden Property Trust (NYSE:CPT) by 17.1% during the second quarter, Holdings Channel reports. The fund owned 17,450 shares of the real estate investment trust’s stock after buying an additional 2,550 shares during the period. Daiwa Securities Group Inc.’s holdings in Camden Property Trust were worth $1,492,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CPT. Perigon Wealth Management LLC acquired a new stake in shares of Camden Property Trust during the first quarter valued at approximately $110,000. Assetmark Inc. boosted its stake in shares of Camden Property Trust by 478.5% in the first quarter. Assetmark Inc. now owns 1,695 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 1,402 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Camden Property Trust during the first quarter valued at approximately $140,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Camden Property Trust by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,333 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 120 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Camden Property Trust during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Camden Property Trust (NYSE:CPT) opened at 90.35 on Thursday. Camden Property Trust has a one year low of $75.36 and a one year high of $90.83. The firm has a market cap of $7.92 billion, a PE ratio of 20.21 and a beta of 0.37. The company’s 50-day moving average is $87.51 and its 200-day moving average is $83.92.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $222.40 million during the quarter, compared to the consensus estimate of $222.44 million. Camden Property Trust had a net margin of 46.10% and a return on equity of 13.17%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 EPS. On average, analysts forecast that Camden Property Trust will post $1.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Wednesday, June 28th. Camden Property Trust’s dividend payout ratio is presently 67.11%.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/daiwa-securities-group-inc-boosts-position-in-camden-property-trust-nysecpt/1468541.html.

Several equities research analysts have recently commented on CPT shares. Barclays PLC reiterated an “equal weight” rating and set a $85.00 price target (up previously from $84.00) on shares of Camden Property Trust in a research report on Wednesday, April 19th. Evercore ISI lifted their price target on shares of Camden Property Trust from $87.00 to $88.00 and gave the stock an “in-line” rating in a research report on Wednesday, April 19th. BTIG Research upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Monday, April 24th. BMO Capital Markets set a $81.00 price target on shares of Camden Property Trust and gave the stock a “hold” rating in a research report on Thursday, May 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Camden Property Trust in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Camden Property Trust currently has a consensus rating of “Hold” and an average price target of $88.38.

In other Camden Property Trust news, President D Keith Oden sold 86,540 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.43, for a total transaction of $7,739,272.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William W. Sengelmann sold 763 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.76, for a total transaction of $68,486.88. Following the sale, the executive vice president now directly owns 71,836 shares of the company’s stock, valued at approximately $6,447,999.36. The disclosure for this sale can be found here. Insiders have sold a total of 120,811 shares of company stock valued at $10,812,185 in the last three months. 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.

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

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

Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.