Universal Beteiligungs und Servicegesellschaft mbH Trims Stake in Camden Property Trust (NYSE:CPT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sold 7,253 shares of Camden Property Trust, reducing its stake by 7.9%, and now owns 84,621 shares valued at approximately $10.35 million.
• Camden Property Trust recently reported earnings of $1.72 per share, surpassing analyst expectations, with a revenue increase of 2% year-over-year.
• The company declared a quarterly dividend of $1.05 per share with a dividend yield of 3.70%, despite a high dividend payout ratio of 385.32%.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,621 shares of the real estate investment trust's stock after selling 7,253 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Camden Property Trust worth $10,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CPT. Norges Bank purchased a new position in shares of Camden Property Trust during the 4th quarter valued at $187,606,000. Invesco Ltd. grew its position in shares of Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after purchasing an additional 438,685 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Camden Property Trust by 12,973.9% during the 1st quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock valued at $49,359,000 after purchasing an additional 400,503 shares in the last quarter. Northern Trust Corp grew its position in shares of Camden Property Trust by 33.7% during 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 purchasing an additional 357,718 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its position in shares of Camden Property Trust by 15.9% during the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock valued at $292,699,000 after purchasing an additional 345,331 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the transaction, the director owned 117,374 shares in the company, valued at $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the transaction, the chief executive officer owned 289,720 shares in the company, valued at $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Camden Property Trust Trading Up 1.3%

Shares of CPT stock traded up $1.42 during mid-day trading on Tuesday, reaching $113.65. The stock had a trading volume of 139,336 shares, compared to its average volume of 972,131. The stock's 50-day moving average price is $115.00 and its two-hundred day moving average price is $116.07. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69. The firm has a market capitalization of $12.14 billion, a PE ratio of 104.19, a price-to-earnings-growth ratio of 3.76 and a beta of 0.77. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The firm had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. During the same quarter in the previous year, the company earned $1.70 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's payout ratio is 385.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CPT shares. Wall Street Zen lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Mizuho dropped their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Scotiabank dropped their price objective on shares of Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. Barclays lifted their price objective on shares of Camden Property Trust from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, UBS Group dropped their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus target price of $129.28.

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.