Cbre Clarion Securities LLC Purchases 423,902 Shares of Camden Property Trust (NYSE:CPT)

Cbre Clarion Securities LLC grew its position in Camden Property Trust (NYSE:CPT) by 48.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,303,689 shares of the real estate investment trust’s stock after purchasing an additional 423,902 shares during the period. Camden Property Trust accounts for about 2.9% of Cbre Clarion Securities LLC’s portfolio, making the stock its 10th largest holding. Cbre Clarion Securities LLC’s holdings in Camden Property Trust were worth $143,288,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Waters Parkerson & CO. LLC grew its position in shares of Camden Property Trust by 21.6% in the fourth quarter. Waters Parkerson & CO. LLC now owns 19,425 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 3,450 shares during the last quarter. Swiss National Bank grew its position in Camden Property Trust by 1.5% during the first quarter. Swiss National Bank now owns 565,413 shares of the real estate investment trust’s stock worth $62,145,000 after buying an additional 8,300 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Camden Property Trust by 9.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 194,242 shares of the real estate investment trust’s stock worth $19,409,000 after buying an additional 17,131 shares in the last quarter. Waterfront Capital Partners LLC grew its position in Camden Property Trust by 129.8% during the fourth quarter. Waterfront Capital Partners LLC now owns 524,286 shares of the real estate investment trust’s stock worth $52,387,000 after buying an additional 296,186 shares in the last quarter. Finally, Usca Ria LLC grew its position in Camden Property Trust by 45.2% during the first quarter. Usca Ria LLC now owns 3,268 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 1,018 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors.

CPT has been the topic of a number of analyst reports. Royal Bank of Canada initiated coverage on Camden Property Trust in a research report on Tuesday, March 30th. They set an “outperform” rating and a $119.00 price target on the stock. Mizuho increased their price target on Camden Property Trust from $103.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, March 15th. Piper Sandler increased their price target on Camden Property Trust from $116.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, April 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Camden Property Trust from $120.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, May 26th. Finally, Wells Fargo & Company raised their target price on Camden Property Trust from $108.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, May 13th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $119.86.

Shares of CPT traded down $0.08 during trading hours on Friday, reaching $134.96. The stock had a trading volume of 10,280 shares, compared to its average volume of 735,963. Camden Property Trust has a 12 month low of $85.74 and a 12 month high of $135.41. The company has a market cap of $13.18 billion, a PE ratio of 120.57, a PEG ratio of 6.17 and a beta of 0.71. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a 50-day moving average price of $121.07.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.92). Camden Property Trust had a net margin of 10.71% and a return on equity of 3.16%. On average, research analysts predict that Camden Property Trust will post 5.1 EPS for the current year.

In related news, Director William F. Paulsen sold 5,500 shares of the firm’s stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of $108.57, for a total transaction of $597,135.00. Following the completion of the transaction, the director now directly owns 2,463 shares of the company’s stock, valued at approximately $267,407.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Aldrich Sevilla-Sacasa sold 1,777 shares of the firm’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $123.55, for a total value of $219,548.35. Following the transaction, the director now directly owns 19,378 shares of the company’s stock, valued at $2,394,151.90. The disclosure for this sale can be found here. Insiders sold a total of 16,263 shares of company stock valued at $1,898,976 over the last quarter. 2.80% of the stock is owned by corporate insiders.

Camden Property Trust Profile

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

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

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