FIL Ltd boosted its stake in shares of Camden Property Trust (NYSE:CPT) by 14.4% during the first quarter, HoldingsChannel reports. The firm owned 180,251 shares of the real estate investment trust’s stock after acquiring an additional 22,756 shares during the period. FIL Ltd’s holdings in Camden Property Trust were worth $18,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPT. BlackRock Inc. grew its position 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 worth $1,338,278,000 after acquiring an additional 408,477 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Camden Property Trust by 8,705.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 3,169,926 shares in the last quarter. FMR LLC grew its position 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 worth $173,077,000 after acquiring an additional 148,529 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Camden Property Trust by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,391,941 shares of the real estate investment trust’s stock worth $141,283,000 after acquiring an additional 11,342 shares in the last quarter. Finally, Geode Capital Management LLC grew its position 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 worth $112,701,000 after acquiring an additional 98,418 shares in the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on CPT. KeyCorp boosted their target price on shares of Camden Property Trust from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Barclays reissued a “buy” rating and issued a $108.00 target price on shares of Camden Property Trust in a research report on Tuesday, April 16th. Finally, Sandler O’Neill downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.67.

In related news, Director William F. Paulsen sold 1,979 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $102.19, for a total transaction of $202,234.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by corporate insiders.

NYSE CPT opened at $105.48 on Tuesday. 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 has a market cap of $10.27 billion, a P/E ratio of 21.94, a PEG ratio of 3.24 and a beta of 0.46. Camden Property Trust has a 1 year low of $83.67 and a 1 year high of $106.92.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The business had revenue of $248.57 million during the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. Camden Property Trust’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. On average, equities research analysts expect that Camden Property Trust will post 5.06 earnings per share for the current year.

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

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Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT).

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

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