Allianz Asset Management GmbH Acquires 24,763 Shares of Camden Property Trust (CPT)

Allianz Asset Management GmbH lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 1,050.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,120 shares of the real estate investment trust’s stock after purchasing an additional 24,763 shares during the period. Allianz Asset Management GmbH’s holdings in Camden Property Trust were worth $2,480,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its holdings in shares of Camden Property Trust by 6.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 67 shares during the period. Sawtooth Solutions LLC lifted its holdings in shares of Camden Property Trust by 2.7% during the second quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 72 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Camden Property Trust by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 12,989 shares of the real estate investment trust’s stock worth $1,111,000 after purchasing an additional 97 shares during the period. Linscomb & Williams Inc. lifted its holdings in shares of Camden Property Trust by 2.6% during the second quarter. Linscomb & Williams Inc. now owns 4,805 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 124 shares during the period. Finally, Utah Retirement Systems lifted its holdings in shares of Camden Property Trust by 0.7% during the second quarter. Utah Retirement Systems now owns 20,253 shares of the real estate investment trust’s stock worth $1,732,000 after purchasing an additional 139 shares during the period. Institutional investors own 96.86% of the company’s stock.

In other news, President D Keith Oden sold 13,086 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $92.25, for a total transaction of $1,207,183.50. Following the transaction, the president now owns 364,771 shares in the company, valued at $33,650,124.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard J. Campo sold 379 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the transaction, the chairman now owns 338,519 shares in the company, valued at approximately $31,969,734.36. The disclosure for this sale can be found here. Insiders have sold 121,394 shares of company stock worth $11,201,585 in the last quarter. Company insiders own 4.70% of the company’s stock.

CPT has been the topic of a number of recent research reports. SunTrust Banks reiterated a “hold” rating and set a $93.00 price target on shares of Camden Property Trust in a report on Wednesday, October 4th. J P Morgan Chase & Co upgraded shares of Camden Property Trust from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a report on Friday, December 15th. Mizuho restated a “hold” rating and issued a $90.00 target price on shares of Camden Property Trust in a report on Sunday, October 15th. BMO Capital Markets restated a “buy” rating and issued a $95.00 target price on shares of Camden Property Trust in a report on Friday, September 8th. Finally, KeyCorp boosted their target price on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $93.00.

Camden Property Trust (NYSE CPT) opened at $90.91 on Friday. The stock has a market cap of $8,530.00, a price-to-earnings ratio of 55.43, a P/E/G ratio of 3.67 and a beta of 0.41. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.64. Camden Property Trust has a fifty-two week low of $78.38 and a fifty-two week high of $96.39.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.03). Camden Property Trust had a net margin of 16.81% and a return on equity of 4.71%. The firm had revenue of $228.18 million during the quarter, compared to analyst estimates of $226.41 million. During the same quarter in the previous year, the firm earned $1.13 EPS. Camden Property Trust’s quarterly revenue was up 3.6% on a year-over-year basis. equities analysts expect that Camden Property Trust will post 4.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.00 annualized dividend and a dividend yield of 3.30%. Camden Property Trust’s dividend payout ratio is currently 182.93%.

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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.

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

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