Meiji Yasuda Asset Management Co Ltd. cut its holdings in Camden Property Trust (NYSE:CPT) by 1.3% in the 1st quarter, Holdings Channel reports. The fund owned 15,369 shares of the real estate investment trust’s stock after selling 200 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Camden Property Trust were worth $1,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in Camden Property Trust by 3.2% in the 1st quarter. BlackRock Inc. now owns 13,184,993 shares of the real estate investment trust’s stock valued at $1,338,278,000 after acquiring an additional 408,477 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Camden Property Trust by 8,705.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 3,169,926 shares during the last quarter. FMR LLC raised its holdings in Camden Property Trust by 8.2% in the 4th quarter. FMR LLC now owns 1,965,670 shares of the real estate investment trust’s stock valued at $173,077,000 after acquiring an additional 148,529 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Camden Property Trust by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,391,941 shares of the real estate investment trust’s stock valued at $141,283,000 after acquiring an additional 11,342 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Camden Property Trust by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 1,280,615 shares of the real estate investment trust’s stock valued at $112,701,000 after acquiring an additional 98,418 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.

Shares of CPT stock traded up $0.80 on Wednesday, reaching $106.09. 11,933 shares of the stock were exchanged, compared to its average volume of 517,951. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 3.24 and a beta of 0.46. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. Camden Property Trust has a 1-year low of $83.67 and a 1-year high of $106.92.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, hitting analysts’ consensus estimates of $1.22. The business had revenue of $248.57 million during the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. As a group, analysts expect that Camden Property Trust will post 5.06 earnings per share for the current fiscal year.

In other news, Director William F. Paulsen sold 1,979 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $102.19, for a total transaction of $202,234.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

CPT has been the subject of several analyst reports. KeyCorp boosted their price target on Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Sandler O’Neill downgraded Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Barclays restated a “buy” rating and set a $108.00 price objective on shares of Camden Property Trust in a report on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $99.67.

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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 161 properties containing 55,160 apartment homes across the United States.

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

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