Bank of New York Mellon Corp reduced its position in Camden Property Trust (NYSE:CPT) by 6.9% during the third quarter, Holdings Channel reports. The institutional investor owned 2,638,464 shares of the real estate investment trust’s stock after selling 196,632 shares during the period. Bank of New York Mellon Corp’s holdings in Camden Property Trust were worth $220,945,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CPT. CIBC Asset Management Inc raised its position in Camden Property Trust by 0.3% in the second quarter. CIBC Asset Management Inc now owns 3,164 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 8 shares in the last quarter. AlphaMark Advisors LLC raised its position in Camden Property Trust by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,850 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 25 shares in the last quarter. Phocas Financial Corp. raised its position in Camden Property Trust by 1.0% in the first quarter. Phocas Financial Corp. now owns 5,066 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 48 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in Camden Property Trust by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 4,727 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 63 shares in the last quarter. Finally, Creative Planning raised its position in Camden Property Trust by 2.8% in the third quarter. Creative Planning now owns 2,584 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 71 shares in the last quarter. 96.55% of the stock is currently owned by institutional investors.

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

Camden Property Trust (NYSE:CPT) opened at 78.71 on Thursday. The firm has a 50-day moving average price of $78.63 and a 200-day moving average price of $84.08. The firm has a market capitalization of $6.89 billion, a PE ratio of 8.49 and a beta of 0.43. Camden Property Trust has a 1-year low of $69.76 and a 1-year high of $90.91.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Camden Property Trust had a return on equity of 15.12% and a net margin of 94.44%. The company had revenue of $220.20 million for the quarter, compared to the consensus estimate of $218.51 million. During the same quarter last year, the business posted $0.91 EPS. Camden Property Trust’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts expect that Camden Property Trust will post $4.62 earnings per share for the current fiscal year.

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A number of equities analysts have commented on the company. Zacks Investment Research lowered Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays PLC boosted their target price on Camden Property Trust from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. Citigroup Inc. boosted their target price on Camden Property Trust from $87.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Robert W. Baird downgraded Camden Property Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $83.00 to $88.00 in a research report on Wednesday, August 10th. Finally, RBC Capital Markets restated a “buy” rating on shares of Camden Property Trust in a research report on Monday, August 29th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $87.46.

In related news, COO H Malcolm Stewart sold 11,122 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $89.63, for a total transaction of $996,864.86. Following the sale, the chief operating officer now owns 252,526 shares of the company’s stock, valued at approximately $22,633,905.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William B. Mcguire sold 2,124 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $81.76, for a total value of $173,658.24. Following the sale, the director now directly owns 2,015 shares in the company, valued at approximately $164,746.40. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

About Camden Property Trust

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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

5 Day Chart for NYSE:CPT

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