Stevens Capital Management LP Buys Shares of 12,615 Camden Property Trust (CPT)

Stevens Capital Management LP bought a new position in Camden Property Trust (NYSE:CPT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,615 shares of the real estate investment trust’s stock, valued at approximately $1,154,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Camden Property Trust by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,190,009 shares of the real estate investment trust’s stock worth $1,213,387,000 after acquiring an additional 85,219 shares during the period. BlackRock Inc. lifted its stake in shares of Camden Property Trust by 3.1% in the second quarter. BlackRock Inc. now owns 10,451,376 shares of the real estate investment trust’s stock valued at $893,697,000 after purchasing an additional 310,886 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Camden Property Trust by 32.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,312,251 shares of the real estate investment trust’s stock valued at $112,211,000 after purchasing an additional 318,689 shares during the period. Northern Trust Corp lifted its stake in shares of Camden Property Trust by 2.6% in the second quarter. Northern Trust Corp now owns 1,279,525 shares of the real estate investment trust’s stock valued at $109,412,000 after purchasing an additional 32,620 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Camden Property Trust by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 1,220,885 shares of the real estate investment trust’s stock valued at $104,399,000 after purchasing an additional 15,780 shares during the period. Institutional investors own 92.41% of the company’s stock.

Several analysts recently commented on the stock. Mizuho reiterated a “hold” rating and issued a $94.00 price objective on shares of Camden Property Trust in a research note on Monday, November 6th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $93.00 price objective on shares of Camden Property Trust in a research note on Wednesday, October 4th. Robert W. Baird reiterated a “neutral” rating and issued a $96.00 price objective (up previously from $92.00) on shares of Camden Property Trust in a research note on Friday, September 22nd. KeyCorp raised their price objective on shares of Camden Property Trust from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Finally, UBS AG reiterated a “sell” rating and issued a $86.00 price objective (up previously from $80.00) on shares of Camden Property Trust in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $92.31.

Shares of Camden Property Trust (CPT) opened at $94.73 on Tuesday. The company has a market cap of $8,729.07, a PE ratio of 20.93, a PEG ratio of 3.84 and a beta of 0.42. Camden Property Trust has a twelve month low of $75.36 and a twelve month high of $96.39. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.64.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). The firm had revenue of $228.18 million for the quarter, compared to analysts’ expectations of $226.41 million. Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. research analysts predict that Camden Property Trust will post 4.53 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.17%. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.

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Camden Property Trust Profile

Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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

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