William Blair Investment Management LLC lifted its position in shares of Camden Property Trust (NYSE:CPT) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,370 shares of the real estate investment trust’s stock after acquiring an additional 594 shares during the period. William Blair Investment Management LLC’s holdings in Camden Property Trust were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPT. Redpoint Investment Management Pty Ltd bought a new stake in shares of Camden Property Trust during the second quarter valued at approximately $206,000. Robeco Institutional Asset Management B.V. increased its position in shares of Camden Property Trust by 109.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,424 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 1,268 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Camden Property Trust during the third quarter valued at approximately $284,000. First Mercantile Trust Co. increased its position in shares of Camden Property Trust by 31.7% during the third quarter. First Mercantile Trust Co. now owns 3,253 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 783 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Camden Property Trust during the second quarter valued at approximately $309,000. 93.89% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Capital One Financial assumed coverage on shares of Camden Property Trust in a research report on Monday, October 22nd. They set an “equal weight” rating and a $96.00 price target for the company. Deutsche Bank raised their price target on shares of Camden Property Trust from $92.00 to $93.00 and gave the company a “hold” rating in a research report on Wednesday, September 5th. Robert W. Baird raised shares of Camden Property Trust from a “neutral” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Tuesday, November 20th. Finally, Scotiabank began coverage on shares of Camden Property Trust in a research report on Tuesday, October 16th. They issued a “sector perform” rating for the company. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Camden Property Trust presently has an average rating of “Buy” and a consensus target price of $95.29.

In other news, CEO Richard J. Campo sold 63,000 shares of Camden Property Trust stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $94.69, for a total transaction of $5,965,470.00. Following the transaction, the chief executive officer now owns 230,393 shares in the company, valued at approximately $21,815,913.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO H Malcolm Stewart sold 27,474 shares of Camden Property Trust stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $94.84, for a total transaction of $2,605,634.16. Following the transaction, the chief operating officer now owns 172,227 shares in the company, valued at approximately $16,334,008.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,505 shares of company stock valued at $8,947,652. 4.70% of the stock is currently owned by insiders.

NYSE:CPT opened at $92.93 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.66. Camden Property Trust has a 12 month low of $78.19 and a 12 month high of $95.67. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 3.00 and a beta of 0.36.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.79). Camden Property Trust had a return on equity of 5.94% and a net margin of 21.81%. The company had revenue of $241.77 million during the quarter, compared to the consensus estimate of $238.79 million. On average, sell-side analysts forecast that Camden Property Trust will post 4.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 17th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, December 14th. Camden Property Trust’s dividend payout ratio (DPR) is presently 67.99%.

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Camden Property Trust Profile

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 159 properties containing 54,480 apartment homes across the United States.

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

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