Coronation Fund Managers Ltd. Decreases Stock Holdings in Camden Property Trust (NYSE:CPT)

Coronation Fund Managers Ltd. reduced its stake in Camden Property Trust (NYSE:CPT - Free Report) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,352 shares of the real estate investment trust's stock after selling 8,748 shares during the quarter. Coronation Fund Managers Ltd. owned about 0.08% of Camden Property Trust worth $10,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Centersquare Investment Management LLC raised its stake in shares of Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust's stock worth $228,939,000 after acquiring an additional 898,398 shares in the last quarter. Duquesne Family Office LLC purchased a new position in shares of Camden Property Trust during the second quarter worth approximately $63,056,000. Vanguard Group Inc. raised its stake in shares of Camden Property Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust's stock worth $1,701,521,000 after acquiring an additional 289,425 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Camden Property Trust by 690.1% during the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust's stock worth $27,117,000 after acquiring an additional 217,076 shares in the last quarter. Finally, Empyrean Capital Partners LP purchased a new position in shares of Camden Property Trust in the second quarter worth $22,913,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Down 1.8 %

Shares of CPT traded down $2.06 during trading hours on Friday, hitting $113.73. The company had a trading volume of 2,430,518 shares, compared to its average volume of 834,102. The firm has a fifty day moving average price of $122.03 and a 200-day moving average price of $113.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 35.99, a P/E/G ratio of 4.34 and a beta of 0.91. Camden Property Trust has a 52-week low of $85.30 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) 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 analysts' expectations of $384.76 million. Camden Property Trust had a return on equity of 6.91% and a net margin of 22.32%. During the same period in the prior year, the firm earned $1.70 EPS. On average, equities research analysts forecast that Camden Property Trust will post 6.78 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Monday, September 30th. Camden Property Trust's dividend payout ratio is presently 130.38%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Scotiabank lifted their target price on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a "sector perform" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Finally, The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $121.76.

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.