The Camden Property Trust (CPT) Stake Raised by Trillium Asset Management LLC

The Camden Property Trust (CPT) Stake Raised by Trillium Asset Management LLC

Trillium Asset Management LLC raised its position in shares of Camden Property Trust (NYSE:CPT) by 4.8% during the second quarter, Holdings Channel reports. The fund owned 10,902 shares of the real estate investment trust’s stock after buying an additional 502 shares during the period. Trillium Asset Management LLC’s holdings in Camden Property Trust were worth $964,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its stake in Camden Property Trust by 2.2% in the first quarter. TIAA CREF Investment Management LLC now owns 204,451 shares of the real estate investment trust’s stock valued at $17,192,000 after buying an additional 4,376 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Camden Property Trust by 6.5% in the first quarter. Teachers Advisors Inc. now owns 91,153 shares of the real estate investment trust’s stock valued at $7,665,000 after buying an additional 5,555 shares in the last quarter. BlackRock Inc. boosted its stake in Camden Property Trust by 33.9% in the first quarter. BlackRock Inc. now owns 232,244 shares of the real estate investment trust’s stock valued at $19,529,000 after buying an additional 58,826 shares in the last quarter. BlackRock Group LTD boosted its stake in Camden Property Trust by 4.4% in the first quarter. BlackRock Group LTD now owns 944,663 shares of the real estate investment trust’s stock valued at $79,437,000 after buying an additional 39,674 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Camden Property Trust by 0.5% in the first quarter. BlackRock Fund Advisors now owns 3,619,653 shares of the real estate investment trust’s stock valued at $304,377,000 after buying an additional 19,343 shares in the last quarter. 96.55% of the stock is owned by institutional investors.

Camden Property Trust (NYSE:CPT) traded down 0.50% during trading on Friday, hitting $77.50. The company’s stock had a trading volume of 757,287 shares. Camden Property Trust has a 12 month low of $67.27 and a 12 month high of $90.91. The firm has a 50 day moving average of $85.59 and a 200 day moving average of $85.12. The firm has a market cap of $6.77 billion, a P/E ratio of 11.97 and a beta of 0.48.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.15. The firm earned $221.50 million during the quarter, compared to the consensus estimate of $220.32 million. Camden Property Trust had a return on equity of 6.89% and a net margin of 65.37%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $1.12 EPS. Equities research analysts predict that Camden Property Trust will post $4.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 3.87%. Camden Property Trust’s payout ratio is 46.44%.

Several brokerages have commented on CPT. RBC Capital Markets reissued a “buy” rating on shares of Camden Property Trust in a research note on Monday, August 29th. Zacks Investment Research raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Monday, July 18th. Citigroup Inc. boosted their target price on Camden Property Trust from $87.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Barclays PLC boosted their target price on Camden Property Trust from $91.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 19th. Finally, BTIG Research began coverage on Camden Property Trust in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $87.54.

In related news, COO H Malcolm Stewart sold 11,446 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $87.27, for a total value of $998,892.42. Following the completion of the sale, the chief operating officer now owns 264,012 shares in the company, valued at approximately $23,040,327.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William W. Sengelmann sold 5,878 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $85.56, for a total value of $502,921.68. Following the completion of the sale, the executive vice president now owns 78,689 shares of the company’s stock, valued at approximately $6,732,630.84. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Camden Property Trust Company 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. The Company operates in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities segment.

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