William Blair Investment Management LLC Has $877,000 Position in Camden Property Trust (CPT)

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William Blair Investment Management LLC lifted its position in shares of Camden Property Trust (NYSE:CPT) by 6.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,370 shares of the real estate investment trust’s stock after buying an additional 594 shares during the quarter. William Blair Investment Management LLC’s holdings in Camden Property Trust were worth $877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPT. Centersquare Investment Management LLC increased its holdings in Camden Property Trust by 13.0% in the 2nd quarter. Centersquare Investment Management LLC now owns 2,481,175 shares of the real estate investment trust’s stock valued at $226,110,000 after acquiring an additional 285,268 shares during the last quarter. Voya Investment Management LLC increased its holdings in Camden Property Trust by 1,134.5% in the 2nd quarter. Voya Investment Management LLC now owns 301,756 shares of the real estate investment trust’s stock valued at $27,499,000 after acquiring an additional 277,313 shares during the last quarter. BlackRock Inc. increased its holdings in Camden Property Trust by 2.1% in the 3rd quarter. BlackRock Inc. now owns 12,294,988 shares of the real estate investment trust’s stock valued at $1,150,442,000 after acquiring an additional 247,431 shares during the last quarter. Standard Life Aberdeen plc bought a new stake in Camden Property Trust in the 2nd quarter valued at $21,565,000. Finally, Credit Suisse AG increased its holdings in Camden Property Trust by 68.2% in the 3rd quarter. Credit Suisse AG now owns 555,007 shares of the real estate investment trust’s stock valued at $51,932,000 after acquiring an additional 224,977 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

A number of brokerages have issued reports on CPT. SunTrust Banks lifted their price target on shares of Camden Property Trust to $95.00 and gave the company an “average” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Royal Bank of Canada lifted their price target on shares of Camden Property Trust to $97.00 and gave the company an “outperform” rating in a report on Tuesday, August 14th. Capital One Financial began coverage on shares of Camden Property Trust in a report on Monday, October 22nd. They issued an “equal weight” rating and a $96.00 target price on the stock. Finally, Robert W. Baird upgraded shares of Camden Property Trust from a “neutral” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Tuesday, November 20th. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Camden Property Trust presently has a consensus rating of “Buy” and a consensus price target of $95.29.

In related news, Director William B. Mcguire sold 2,190 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $92.60, for a total transaction of $202,794.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael P. Gallagher sold 1,841 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $94.38, for a total transaction of $173,753.58. Following the transaction, the insider now owns 24,783 shares in the company, valued at $2,339,019.54. The disclosure for this sale can be found here. Insiders have sold a total of 94,505 shares of company stock worth $8,947,652 over the last quarter. 4.70% of the stock is currently owned by insiders.

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

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Monday, December 17th will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, December 14th. This represents a $3.08 annualized dividend and a yield of 3.31%. Camden Property Trust’s payout ratio is 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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