Ameriprise Financial Inc. Buys 60,250 Shares of Camden Property Trust (NYSE:CPT)

Ameriprise Financial Inc. increased its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,874 shares of the real estate investment trust's stock after acquiring an additional 60,250 shares during the period. Ameriprise Financial Inc. owned about 0.19% of Camden Property Trust worth $23,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares during the last quarter. National Pension Service purchased a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $26,000. Quent Capital LLC lifted its position in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust during the 4th quarter worth $29,000. Finally, Bellwether Advisors LLC acquired a new position in shares of Camden Property Trust during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analysts Set New Price Targets

CPT has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price target for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Truist Financial lifted their price objective on shares of Camden Property Trust from $129.00 to $131.00 and gave the company a "buy" rating in a research report on Monday. Finally, Royal Bank of Canada increased their price target on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $129.94.

Camden Property Trust Stock Down 0.0%

NYSE CPT traded down $0.02 during trading hours on Tuesday, reaching $119.04. 41,799 shares of the company's stock were exchanged, compared to its average volume of 917,603. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 79.21, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The company's 50-day moving average is $116.03 and its two-hundred day moving average is $117.44.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The firm had revenue of $390.57 million during the quarter, compared to analysts' expectations of $388.47 million. During the same quarter in the prior year, the company earned $1.70 EPS. The company's revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the sale, the director now directly owns 117,374 shares of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,907 shares of company stock valued at $824,860 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

About Camden Property Trust

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.