TIAA CREF Investment Management LLC boosted its position in shares of Camden Property Trust (NYSE:CPT) by 10.5% in the 4th quarter, Holdings Channel reports. The firm owned 562,704 shares of the real estate investment trust’s stock after buying an additional 53,255 shares during the period. TIAA CREF Investment Management LLC’s holdings in Camden Property Trust were worth $51,803,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CPT. Victory Capital Management Inc. lifted its holdings in Camden Property Trust by 285.0% during 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 purchasing an additional 1,026 shares during the last quarter. FDx Advisors Inc. bought a new position in Camden Property Trust during the 4th quarter valued at about $202,000. Global X Management Co. LLC lifted its holdings in Camden Property Trust by 45.3% during 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 purchasing an additional 720 shares during the last quarter. Creative Planning bought a new position in Camden Property Trust during the 4th quarter valued at about $308,000. Finally, Ellington Management Group LLC bought a new position in Camden Property Trust during the 4th quarter valued at about $341,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Kelvin R. Westbrook sold 425 shares of Camden Property Trust stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $88.42, for a total transaction of $37,578.50. Following the completion of the sale, the director now owns 20,477 shares in the company, valued at approximately $1,810,576.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William W. Sengelmann sold 4,478 shares of Camden Property Trust stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $88.42, for a total transaction of $395,944.76. Following the sale, the executive vice president now owns 66,567 shares of the company’s stock, valued at approximately $5,885,854.14. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Camden Property Trust stock opened at $82.99 on Thursday. Camden Property Trust has a 12 month low of $78.19 and a 12 month high of $96.39. The firm has a market cap of $7,771.85, a PE ratio of 18.50, a price-to-earnings-growth ratio of 2.90 and a beta of 0.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 2.24.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 1st. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.27). Camden Property Trust had a return on equity of 6.01% and a net margin of 21.80%. The company had revenue of $229.80 million during the quarter, compared to the consensus estimate of $228.99 million. During the same period in the prior year, the firm posted $1.15 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. sell-side analysts anticipate that Camden Property Trust will post 4.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.71%. Camden Property Trust’s payout ratio is currently 142.86%.

Several equities analysts recently issued reports on CPT shares. BMO Capital Markets reissued a “buy” rating and set a $97.00 price target on shares of Camden Property Trust in a report on Monday, November 27th. Royal Bank of Canada reissued a “buy” rating and set a $92.00 price target on shares of Camden Property Trust in a report on Monday, February 12th. Sandler O’Neill set a $97.00 price target on shares of Camden Property Trust and gave the company a “buy” rating in a report on Tuesday, February 6th. Stifel Nicolaus reissued a “buy” rating and set a $94.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Finally, BTIG Research lifted their price target on shares of Camden Property Trust to $93.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $90.64.

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Camden Property Trust Profile

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. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.

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

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