Vision Capital Corp cut its stake in Camden Property Trust (NYSE:CPT) by 70.2% in the 1st quarter, Holdings Channel reports. The firm owned 20,417 shares of the real estate investment trust’s stock after selling 48,009 shares during the quarter. Camden Property Trust comprises 1.6% of Vision Capital Corp’s investment portfolio, making the stock its 8th largest position. Vision Capital Corp’s holdings in Camden Property Trust were worth $2,072,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Bbva Compass Bancshares Inc. grew its holdings in shares of Camden Property Trust by 4.8% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 2,637 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 120 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings 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 valued at $26,000 after purchasing an additional 124 shares during the period. Suntrust Banks Inc. grew its holdings 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 valued at $208,000 after purchasing an additional 140 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings 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 valued at $1,371,000 after purchasing an additional 150 shares during the period. Finally, Cigna Investments Inc. New grew its holdings in Camden Property Trust by 6.1% during the fourth quarter. Cigna Investments Inc. New now owns 2,711 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 155 shares during the period. 91.20% of the stock is owned by institutional investors.
Shares of Camden Property Trust stock traded up $0.17 during trading hours on Wednesday, reaching $101.37. The company had a trading volume of 1,655 shares, compared to its average volume of 384,800. Camden Property Trust has a one year low of $82.60 and a one year high of $104.16. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market capitalization of $9.75 billion, a P/E ratio of 21.23, a PEG ratio of 3.08 and a beta of 0.53.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.22. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The firm had revenue of $248.57 million during the quarter, compared to analyst estimates of $246.50 million. During the same period last year, the company earned $1.15 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts expect that Camden Property Trust will post 5.06 earnings per share for the current fiscal year.
Several equities analysts have weighed in on CPT shares. Barclays reissued a “buy” rating and set a $108.00 price objective on shares of Camden Property Trust in a report on Tuesday, April 16th. BMO Capital Markets reissued a “buy” rating and set a $95.00 price objective on shares of Camden Property Trust in a report on Thursday, January 31st. Mizuho raised Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Wednesday, January 23rd. SunTrust Banks raised Camden Property Trust from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Finally, Citigroup set a $100.00 price objective on Camden Property Trust and gave the company a “hold” rating in a report on Tuesday, February 5th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Camden Property Trust has a consensus rating of “Buy” and an average price target of $99.94.
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About Camden Property Trust
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.
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