Bank of Montreal Can Has $11.35 Million Position in Camden Property Trust (NYSE:CPT)

Bank of Montreal Can lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,205 shares of the real estate investment trust’s stock after acquiring an additional 10,208 shares during the period. Bank of Montreal Can owned approximately 0.10% of Camden Property Trust worth $11,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Camden Property Trust by 16.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock valued at $18,831,000 after purchasing an additional 27,465 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Camden Property Trust by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock valued at $15,781,000 after acquiring an additional 5,926 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Camden Property Trust by 59.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock worth $1,853,000 after acquiring an additional 7,018 shares during the last quarter. Pinebridge Investments L.P. bought a new position in shares of Camden Property Trust during the 4th quarter worth approximately $1,374,000. Finally, Eminence Capital LP acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $18,737,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.5 %

Shares of CPT opened at $123.71 on Monday. The firm has a market cap of $13.18 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $127.69. The firm’s 50-day simple moving average is $120.72 and its 200 day simple moving average is $109.68.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). The firm had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same period in the previous year, the company posted $1.70 EPS. On average, analysts forecast that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s dividend payout ratio is 100.98%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CPT shares. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 target price for the company. BNP Paribas began coverage on Camden Property Trust in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price on the stock. Scotiabank upped their target price on Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Royal Bank of Canada downgraded Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target for the company. in a research note on Monday, September 9th. Finally, Evercore ISI upped their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.69.

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.