AQR Capital Management LLC Boosts Position in Camden Property Trust (NYSE:CPT)

AQR Capital Management LLC grew its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,001 shares of the real estate investment trust's stock after buying an additional 5,129 shares during the period. AQR Capital Management LLC owned approximately 0.08% of Camden Property Trust worth $9,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CPT. Federated Hermes Inc. lifted its position in shares of 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 purchasing an additional 90 shares during the last quarter. UMB Bank n.a. increased its holdings in Camden Property Trust by 76.6% during the 4th 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 period. First American Bank grew its position in shares of Camden Property Trust by 1.0% during the 4th 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 increased its stake in shares of 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 valued at $499,000 after buying an additional 105 shares during the period. Finally, Doliver Advisors LP lifted its stake in Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock worth $209,000 after acquiring an additional 113 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Thursday. Evercore ISI upped their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a report on Monday, February 10th. Wells Fargo & Company reduced their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Finally, Truist Financial increased their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus target price of $128.08.

Insider Buying and Selling

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction dated 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 owns 289,720 shares in the company, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Stock Performance

Shares of NYSE CPT traded up $0.53 during trading on Monday, reaching $118.51. 41,537 shares of the company traded hands, compared to its average volume of 913,704. The stock has a market cap of $12.66 billion, a P/E ratio of 78.80, a PEG ratio of 4.41 and a beta of 0.79. The firm's fifty day simple moving average is $116.43 and its 200 day simple moving average is $117.39. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12-month low of $98.35 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. During the same period in the previous year, the company posted $1.70 earnings per share. Camden Property Trust's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

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.