Park Avenue Securities LLC Boosts Stake in Camden Property Trust (NYSE:CPT)

Park Avenue Securities LLC raised its holdings in shares of Camden Property Trust (NYSE:CPT) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,780 shares of the real estate investment trust’s stock after buying an additional 279 shares during the quarter. Park Avenue Securities LLC’s holdings in Camden Property Trust were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Federated Hermes Inc. grew its position in Camden Property Trust by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 90 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Camden Property Trust by 0.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock worth $2,102,000 after buying an additional 98 shares in the last quarter. First American Bank grew its position in Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after buying an additional 104 shares in the last quarter. Fisher Asset Management LLC grew its position in Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 105 shares in the last quarter. Finally, Quent Capital LLC grew its position in Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 114 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of CPT stock opened at $115.96 on Friday. The firm has a market cap of $12.39 billion, a P/E ratio of 77.31, a P/E/G ratio of 4.41 and a beta of 0.78. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The business’s 50 day moving average price is $115.20 and its 200-day moving average price is $116.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.70 EPS. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the sale, the chief executive officer now directly owns 289,720 shares in the company, valued at $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the sale, the director now owns 117,374 shares in the company, valued at $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPT has been the subject of several recent analyst reports. Truist Financial set a $131.00 target price on Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, May 19th. Mizuho cut their price objective on Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Barclays upped their price objective on Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $129.33.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.