Balyasny Asset Management L.P. Boosts Stock Holdings in Camden Property Trust (NYSE:CPT)

Balyasny Asset Management L.P. lifted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 749,607 shares of the real estate investment trust's stock after buying an additional 225,336 shares during the period. Balyasny Asset Management L.P. owned about 0.70% of Camden Property Trust worth $86,984,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of Camden Property Trust by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after acquiring an additional 12,805 shares in the last quarter. Principal Financial Group Inc. grew its position in Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock valued at $66,563,000 after purchasing an additional 51,097 shares in the last quarter. Franklin Resources Inc. increased its stake in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock valued at $23,174,000 after buying an additional 5,985 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Camden Property Trust by 7.7% during the 4th quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock worth $271,000 after buying an additional 166 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in shares of Camden Property Trust during the 4th quarter worth about $821,000. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Up 0.4 %

Shares of CPT stock traded up $0.46 on Friday, reaching $117.95. 763,524 shares of the company were exchanged, compared to its average volume of 917,143. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 78.63, a PEG ratio of 4.41 and a beta of 0.79. The company has a 50-day moving average of $116.43 and a 200-day moving average of $117.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

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, topping the consensus estimate of $1.68 by $0.04. The business 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 company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and upped their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Scotiabank raised their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Truist Financial upped their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. Finally, Stifel Nicolaus lifted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $128.08.

Insiders Place Their Bets

In other news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of the sale, the chief executive officer now directly owns 289,720 shares of the company's stock, valued at $34,621,540. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust 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.