Camden Property Trust (CPT) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can decreased its stake in Camden Property Trust (NYSE:CPT) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,943 shares of the real estate investment trust’s stock after selling 1,363 shares during the period. Great West Life Assurance Co. Can owned about 0.16% of Camden Property Trust worth $11,792,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Camden Property Trust by 3,883.3% in the first quarter. BlackRock Inc. now owns 10,140,490 shares of the real estate investment trust’s stock valued at $815,902,000 after buying an additional 9,885,917 shares during the period. Morgan Stanley increased its position in shares of Camden Property Trust by 35.4% in the first quarter. Morgan Stanley now owns 3,501,894 shares of the real estate investment trust’s stock valued at $281,763,000 after buying an additional 915,901 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Camden Property Trust by 234.2% in the first quarter. Prudential Financial Inc. now owns 1,074,799 shares of the real estate investment trust’s stock valued at $86,478,000 after buying an additional 753,214 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Camden Property Trust by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,104,790 shares of the real estate investment trust’s stock valued at $1,134,871,000 after buying an additional 357,480 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Camden Property Trust by 51.7% in the second quarter. Russell Investments Group Ltd. now owns 774,012 shares of the real estate investment trust’s stock valued at $66,224,000 after buying an additional 263,839 shares during the last quarter. 94.78% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust (NYSE CPT) traded down 0.62% on Friday, hitting $88.34. 379,417 shares of the stock were exchanged. Camden Property Trust has a 52 week low of $75.36 and a 52 week high of $90.83. The company has a market cap of $7.74 billion, a PE ratio of 19.76 and a beta of 0.37. The company’s 50-day moving average is $87.99 and its 200-day moving average is $84.23.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data 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 firm had revenue of $222.40 million during 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 for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. On average, analysts predict that Camden Property Trust will post $1.73 earnings per share for the current year.

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Several research analysts recently weighed in on the stock. Deutsche Bank AG boosted their target price on shares of Camden Property Trust from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Friday. Royal Bank Of Canada boosted their target price on shares of Camden Property Trust from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. BMO Capital Markets raised shares of Camden Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $81.00 to $89.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Barclays PLC boosted their target price on shares of Camden Property Trust from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Finally, Evercore ISI raised shares of Camden Property Trust from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $87.00 to $90.00 in a research note on Thursday, May 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $88.15.

In other news, EVP William W. Sengelmann sold 763 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.76, for a total transaction of $68,486.88. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Paulsen sold 2,227 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $87.18, for a total value of $194,149.86. Following the sale, the director now directly owns 14,284 shares of the company’s stock, valued at $1,245,279.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,811 shares of company stock valued at $10,812,185. Company insiders own 4.70% of the company’s stock.

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.

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

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