Swiss National Bank Sells 28,000 Shares of Camden Property Trust (CPT)

Swiss National Bank reduced its position in Camden Property Trust (NYSE:CPT) by 5.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 451,000 shares of the real estate investment trust’s stock after selling 28,000 shares during the quarter. Swiss National Bank’s holdings in Camden Property Trust were worth $37,965,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Camden Property Trust by 285.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 1,026 shares during the period. FDx Advisors Inc. acquired a new position in Camden Property Trust in the 4th quarter valued at $202,000. Global X Management Co. LLC increased its stake in Camden Property Trust by 45.3% in the 4th quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 720 shares during the period. Creative Planning acquired a new position in Camden Property Trust in the 4th quarter valued at $308,000. Finally, Bbva Compass Bancshares Inc. increased its stake in Camden Property Trust by 52.3% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 3,962 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 1,361 shares during the period. 99.57% of the stock is currently owned by institutional investors.

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Camden Property Trust opened at $83.75 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 0.92. Camden Property Trust has a fifty-two week low of $84.06 and a fifty-two week high of $84.62. The firm has a market cap of $7.81 billion, a PE ratio of 18.33, a P/E/G ratio of 2.86 and a beta of 0.35.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.72). Camden Property Trust had a return on equity of 5.97% and a net margin of 22.03%. The company had revenue of $230.70 million for the quarter, compared to analyst estimates of $230.71 million. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities research analysts expect that Camden Property Trust will post 4.74 earnings per share for the current fiscal year.

CPT has been the topic of several recent research reports. Robert W. Baird reissued a “hold” rating and issued a $88.00 price objective on shares of Camden Property Trust in a research note on Friday, March 2nd. BMO Capital Markets set a $96.00 price objective on shares of Camden Property Trust and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. SunTrust Banks set a $89.00 price objective on shares of Camden Property Trust and gave the company a “hold” rating in a research note on Monday, January 22nd. Finally, UBS raised shares of Camden Property Trust from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $78.69 to $84.00 in a research note on Monday, March 19th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $90.64.

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 156 properties containing 53,391 apartment homes across the United States.

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