Camden Property Trust (NYSE:CPT) Stock Position Reduced by Sei Investments Co.

Sei Investments Co. decreased its stake in Camden Property Trust (NYSE:CPT) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,883 shares of the real estate investment trust’s stock after selling 11,143 shares during the quarter. Sei Investments Co. owned approximately 0.30% of Camden Property Trust worth $34,793,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 119 shares in the last quarter. Commerce Bank lifted its holdings in Camden Property Trust by 70.0% in the 4th quarter. Commerce Bank now owns 6,319 shares of the real estate investment trust’s stock worth $627,000 after purchasing an additional 2,601 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Camden Property Trust in the 4th quarter worth approximately $161,000. Nomura Asset Management Co. Ltd. boosted its position in Camden Property Trust by 3.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 151,222 shares of the real estate investment trust’s stock worth $15,015,000 after purchasing an additional 4,638 shares during the period. Finally, CORDA Investment Management LLC. grew its holdings in Camden Property Trust by 2.2% during the fourth quarter. CORDA Investment Management LLC. now owns 200,533 shares of the real estate investment trust’s stock valued at $19,911,000 after purchasing an additional 4,348 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

NYSE CPT opened at $126.88 on Tuesday. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.38. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock has a market cap of $13.52 billion, a P/E ratio of 31.10, a PEG ratio of 4.60 and a beta of 0.90. The company’s 50-day simple moving average is $119.70 and its 200 day simple moving average is $108.96.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.27). The company had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter in the prior year, the company posted $1.70 earnings per share. As a group, research analysts forecast that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.25%. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CPT shares. Evercore ISI boosted their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. BNP Paribas started coverage on shares of Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target for the company. The Goldman Sachs Group assumed coverage on Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price target on the stock. UBS Group boosted their price objective on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. raised their target price on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $121.69.

Camden Property Trust Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.