Machina Capital S.A.S. purchased a new stake in shares of Camden Property Trust (NYSE:CPT) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 595 shares of the real estate investment trust’s stock, valued at approximately $62,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. 6 Meridian boosted its stake in shares of Camden Property Trust by 2.0% in the 2nd quarter. 6 Meridian now owns 5,273 shares of the real estate investment trust’s stock worth $550,000 after buying an additional 101 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Camden Property Trust by 15.4% in the 2nd quarter. NEXT Financial Group Inc now owns 898 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 120 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its stake in shares of Camden Property Trust by 5.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 2,610 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 130 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Camden Property Trust by 6.3% in the 4th quarter. Suntrust Banks Inc. now owns 2,355 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 140 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in shares of Camden Property Trust by 1.2% in the 1st quarter. First Republic Investment Management Inc. now owns 16,455 shares of the real estate investment trust’s stock worth $1,670,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.

Shares of Camden Property Trust stock traded up $1.25 during trading on Monday, hitting $107.16. The stock had a trading volume of 7,996 shares, compared to its average volume of 411,605. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 3.17 and a beta of 0.45. Camden Property Trust has a 12 month low of $83.67 and a 12 month high of $110.42. The company’s 50-day moving average price is $106.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.21 and a current ratio of 0.94.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.84). The firm had revenue of $255.76 million during the quarter, compared to the consensus estimate of $252.76 million. Camden Property Trust had a return on equity of 4.48% and a net margin of 16.05%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. On average, sell-side analysts expect that Camden Property Trust will post 5.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $3.20 annualized dividend and a yield of 2.99%. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.09%.

In related news, Director William F. Paulsen sold 1,979 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total value of $202,234.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President D Keith Oden sold 37,500 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $105.44, for a total transaction of $3,954,000.00. Following the sale, the president now owns 291,083 shares of the company’s stock, valued at $30,691,791.52. The disclosure for this sale can be found here. Insiders sold 115,679 shares of company stock valued at $12,211,588 over the last quarter. 3.40% of the stock is owned by company insiders.

CPT has been the topic of a number of research analyst reports. SunTrust Banks boosted their target price on Camden Property Trust to $108.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a research note on Tuesday, June 25th. DA Davidson downgraded Piedmont Office Realty Trust from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. KeyCorp boosted their target price on Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Barclays set a €45.00 ($52.33) price target on shares of Zalando and gave the stock a “buy” rating in a report on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $102.00.

Camden Property Trust 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.

Read More: Coverage Ratio

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

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