Camden Property Trust (NYSE:CPT) Shares Bought by Eii Capital Management Inc.

Eii Capital Management Inc. raised its holdings in Camden Property Trust (NYSE:CPT) by 10.2% during the 2nd quarter, Holdings Channel reports. The firm owned 15,116 shares of the real estate investment trust’s stock after buying an additional 1,399 shares during the quarter. Eii Capital Management Inc.’s holdings in Camden Property Trust were worth $1,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. grew its holdings in Camden Property Trust by 3.2% in the first quarter. BlackRock Inc. now owns 13,184,993 shares of the real estate investment trust’s stock valued at $1,338,278,000 after purchasing an additional 408,477 shares during the period. FMR LLC grew its holdings in Camden Property Trust by 8.2% in the fourth quarter. FMR LLC now owns 1,965,670 shares of the real estate investment trust’s stock valued at $173,077,000 after purchasing an additional 148,529 shares during the period. Dimensional Fund Advisors LP grew its holdings in Camden Property Trust by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,380,599 shares of the real estate investment trust’s stock valued at $121,560,000 after purchasing an additional 5,954 shares during the period. Geode Capital Management LLC grew its holdings in Camden Property Trust by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 1,280,615 shares of the real estate investment trust’s stock valued at $112,701,000 after purchasing an additional 98,418 shares during the period. Finally, Northern Trust Corp grew its holdings in Camden Property Trust by 3.4% in the first quarter. Northern Trust Corp now owns 1,279,806 shares of the real estate investment trust’s stock valued at $129,901,000 after purchasing an additional 41,499 shares during the period. 93.20% of the stock is currently owned by institutional investors.

In related news, COO H Malcolm Stewart sold 16,200 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $107.17, for a total transaction of $1,736,154.00. Following the transaction, the chief operating officer now owns 149,537 shares in the company, valued at $16,025,880.29. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard J. Campo sold 60,000 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $105.32, for a total value of $6,319,200.00. Following the transaction, the chairman now owns 273,948 shares in the company, valued at approximately $28,852,203.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,679 shares of company stock worth $12,211,588. 3.40% of the stock is currently owned by company insiders.

Camden Property Trust stock traded up $1.52 during trading on Tuesday, reaching $107.11. 322,500 shares of the company were exchanged, compared to its average volume of 511,491. Camden Property Trust has a 52-week low of $83.67 and a 52-week high of $110.42. The firm has a market capitalization of $10.26 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.18 and a beta of 0.45. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average price is $106.58.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.22. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The firm had revenue of $248.57 million for the quarter, compared to the consensus estimate of $246.50 million. During the same quarter last year, the business posted $1.15 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Camden Property Trust will post 5.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $3.20 dividend on an annualized basis and a yield of 2.99%. Camden Property Trust’s payout ratio is 67.09%.

Several equities analysts have recently weighed in on CPT shares. KeyCorp raised their target price on Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a “buy” rating in a research report on Tuesday, April 16th. Sandler O’Neill upgraded HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Friday, April 5th. SunTrust Banks raised their target price on Camden Property Trust to $108.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Finally, Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a research report on Tuesday, June 25th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $102.00.

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 161 properties containing 55,160 apartment homes across the United States.

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

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