Camden Property Trust (NYSE:CPT) Holdings Trimmed by Westwood Holdings Group Inc.

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Westwood Holdings Group Inc. reduced its stake in shares of Camden Property Trust (NYSE:CPT) by 34.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,508 shares of the real estate investment trust’s stock after selling 2,415 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Camden Property Trust were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bbva Compass Bancshares Inc. grew its position in Camden Property Trust by 4.8% during the fourth quarter. Bbva Compass Bancshares Inc. now owns 2,637 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 120 shares during the period. Rehmann Capital Advisory Group grew its position in Camden Property Trust by 71.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 124 shares during the period. Piedmont Investment Advisors Inc. grew its position in Camden Property Trust by 5.2% during the first 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 period. Suntrust Banks Inc. grew its position in Camden Property Trust by 6.3% during the fourth 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 period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in Camden Property Trust by 1.0% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,569 shares of the real estate investment trust’s stock worth $1,371,000 after buying an additional 150 shares during the period. Institutional investors own 93.17% of the company’s stock.

CPT stock opened at $106.16 on Friday. The company has a market capitalization of $10.26 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 3.19 and a beta of 0.47. Camden Property Trust has a 12 month low of $83.67 and a 12 month high of $106.92. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.57.

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

Several research analysts have weighed in on CPT shares. KeyCorp upped their target price on shares of Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Sandler O’Neill lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. SunTrust Banks increased their price target on shares of Camden Property Trust to $108.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays reiterated a “buy” rating and issued a $108.00 price target on shares of Camden Property Trust in a research report on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $100.53.

In related news, Director William F. Paulsen sold 1,979 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total transaction of $202,234.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard J. Campo sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $105.32, for a total transaction of $6,319,200.00. Following the transaction, the chairman now directly owns 273,948 shares in the company, valued at approximately $28,852,203.36. The disclosure for this sale can be found here. Insiders sold 99,479 shares of company stock worth $10,475,434 over the last quarter. Company insiders own 3.40% of the company’s stock.

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Camden Property Trust Company 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: What is the return on assets (ROA) ratio?

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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