NumerixS Investment Technologies Inc Buys New Holdings in Camden Property Trust (NYSE:CPT)

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NumerixS Investment Technologies Inc bought a new position in shares of Camden Property Trust (NYSE:CPT) during the first quarter, Holdings Channel reports. The fund bought 1,200 shares of the real estate investment trust’s stock, valued at approximately $122,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CPT. Oregon Public Employees Retirement Fund grew its holdings in Camden Property Trust by 8,705.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 3,169,926 shares during the last quarter. Resolution Capital Ltd bought a new stake in Camden Property Trust during the 1st quarter worth approximately $80,234,000. Norges Bank bought a new stake in shares of Camden Property Trust in the 4th quarter valued at $60,080,000. BlackRock Inc. boosted its stake in shares of Camden Property Trust by 3.9% in the 4th quarter. BlackRock Inc. now owns 12,776,516 shares of the real estate investment trust’s stock valued at $1,124,973,000 after purchasing an additional 481,528 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Camden Property Trust by 56.3% in the 1st quarter. Janus Henderson Group PLC now owns 625,111 shares of the real estate investment trust’s stock valued at $63,453,000 after purchasing an additional 225,073 shares during the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CPT opened at $106.16 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21. Camden Property Trust has a 52 week low of $83.67 and a 52 week high of $106.92. The firm has a market capitalization of $10.28 billion, a PE ratio of 22.26, a PEG ratio of 3.19 and a beta of 0.47.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.22. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. The company had revenue of $248.57 million for the quarter, compared to the consensus estimate of $246.50 million. During the same quarter in the previous year, the company earned $1.15 EPS. Camden Property Trust’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Camden Property Trust will post 5.07 earnings per share for the current year.

In related news, President D Keith Oden sold 37,500 shares of the business’s stock in a transaction on 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 transaction, the president now owns 291,083 shares in the company, valued at approximately $30,691,791.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Paulsen sold 1,979 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total transaction of $202,234.01. The disclosure for this sale can be found here. Insiders have sold a total of 99,479 shares of company stock worth $10,475,434 in the last quarter. 3.40% of the stock is owned by corporate insiders.

CPT has been the topic of a number of analyst reports. SunTrust Banks upped their price objective on shares of Camden Property Trust to $108.00 and gave the company a “buy” rating in a research note on Thursday. Barclays reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Camden Property Trust in a research note on Tuesday, April 16th. Sandler O’Neill lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, KeyCorp upped their price objective on shares of Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $100.53.

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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.

Further Reading: How can investors find ex-dividend dates?

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

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

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