Candriam Luxembourg S.C.A. boosted its holdings in shares of Camden Property Trust (NYSE:CPT) by 72.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,822 shares of the real estate investment trust’s stock after purchasing an additional 5,805 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Camden Property Trust were worth $1,164,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its position in Camden Property Trust by 1.0% during the 1st quarter. BlackRock Inc. now owns 12,062,800 shares of the real estate investment trust’s stock worth $1,015,447,000 after purchasing an additional 122,290 shares during the last quarter. Northern Trust Corp grew its position in Camden Property Trust by 4.4% during the 1st quarter. Northern Trust Corp now owns 1,351,531 shares of the real estate investment trust’s stock worth $113,773,000 after purchasing an additional 57,095 shares during the last quarter. 6 Meridian grew its position in Camden Property Trust by 13.2% during the 1st quarter. 6 Meridian now owns 5,632 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 655 shares during the last quarter. Forsta AP Fonden grew its position in Camden Property Trust by 106.2% during the 1st quarter. Forsta AP Fonden now owns 56,500 shares of the real estate investment trust’s stock worth $4,756,000 after purchasing an additional 29,100 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America purchased a new position in Camden Property Trust during the 1st quarter worth $10,034,000. 93.48% of the stock is currently owned by institutional investors.

Shares of Camden Property Trust opened at $88.00 on Friday, according to MarketBeat.com. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.64. Camden Property Trust has a 52 week low of $78.19 and a 52 week high of $96.39. The stock has a market capitalization of $7.94 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.91 and a beta of 0.35.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.72). Camden Property Trust had a net margin of 22.03% and a return on equity of 5.97%. The company had revenue of $230.70 million during the quarter, compared to analyst estimates of $230.71 million. During the same quarter last year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts anticipate that Camden Property Trust will post 4.74 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Goldman Sachs Group upgraded shares of Camden Property Trust from a “buy” rating to a “conviction-buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. UBS Group upgraded shares of Camden Property Trust from a “sell” rating to a “neutral” rating and raised their target price for the stock from $78.69 to $84.00 in a research note on Monday, March 19th. BTIG Research raised their target price on shares of Camden Property Trust to $93.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Finally, BMO Capital Markets set a $94.00 target price on shares of Camden Property Trust and gave the stock a “buy” rating in a research note on Monday, February 12th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $90.69.

About Camden Property Trust

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 158 properties containing 54,181 apartment homes across the United States.

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

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