Deutsche Bank AG Sells 19,323 Shares of Camden Property Trust (NYSE:CPT)

Key Points

• Deutsche Bank AG reduced its stake in Camden Property Trust by 4.6%, now owning approximately 400,083 shares valued at $48.93 million.
• Camden Property Trust reported $1.70 EPS for the last quarter, slightly exceeding expectations, with a revenue of $396.51 million, marking a 2.4% increase year-over-year.
• The company declared a quarterly dividend of $1.05, which represents an annualized yield of 4.0%, although it has a high dividend payout ratio of 293.71%.

Deutsche Bank AG reduced its stake in Camden Property Trust (NYSE:CPT - Free Report) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,083 shares of the real estate investment trust's stock after selling 19,323 shares during the quarter. Deutsche Bank AG owned 0.37% of Camden Property Trust worth $48,930,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Centersquare Investment Management LLC lifted its position in Camden Property Trust by 3.6% in the 1st quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock valued at $319,711,000 after acquiring an additional 91,752 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Camden Property Trust by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock valued at $184,763,000 after acquiring an additional 7,330 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Camden Property Trust by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock valued at $188,102,000 after acquiring an additional 23,488 shares in the last quarter. Northern Trust Corp lifted its position in Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after acquiring an additional 357,718 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Camden Property Trust by 9.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,398,967 shares of the real estate investment trust's stock valued at $162,336,000 after acquiring an additional 119,701 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CPT shares. Royal Bank Of Canada lowered their price target on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Citigroup lowered their price target on shares of Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research note on Tuesday, June 17th. Scotiabank reiterated a "sector perform" rating and issued a $133.00 price target (down from $136.00) on shares of Camden Property Trust in a research note on Thursday. Finally, Morgan Stanley lowered their price target on shares of Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $124.94.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock traded up $0.80 during trading on Friday, hitting $106.82. 789,492 shares of the stock were exchanged, compared to its average volume of 975,966. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 74.70, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $112.59 and a 200-day moving average price of $115.57. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. The business had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. Camden Property Trust's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 EPS. As a group, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. Camden Property Trust's payout ratio is presently 293.71%.

Camden Property Trust Company 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.