Brevan Howard Capital Management LP Acquires Shares of 4,956 Camden Property Trust (NYSE:CPT)

Brevan Howard Capital Management LP bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,956 shares of the real estate investment trust's stock, valued at approximately $575,000.

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

Camden Property Trust Stock Down 1.4%

NYSE CPT traded down $1.69 during trading on Tuesday, reaching $117.26. 949,851 shares of the company's stock were exchanged, compared to its average volume of 916,784. Camden Property Trust has a fifty-two week low of $98.35 and a fifty-two week high of $127.69. The firm has a market capitalization of $12.53 billion, a PE ratio of 78.17, a P/E/G ratio of 4.41 and a beta of 0.79. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company's fifty day simple moving average is $116.22 and its 200-day simple moving average is $117.39.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $390.57 million during 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 company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. Sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CPT shares. Scotiabank boosted their price objective on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a research report on Monday. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and increased their target price for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Stifel Nicolaus boosted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Finally, Barclays increased their target price on Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus price target of $128.55.

Insider Transactions at Camden Property Trust

In other 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 owns 289,720 shares of the company's stock, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by 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.