Camden Property Trust (NYSE:CPT) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its stake in Camden Property Trust (NYSE:CPT - Free Report) by 851.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,451 shares of the real estate investment trust's stock after acquiring an additional 87,211 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.09% of Camden Property Trust worth $11,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CPT. Norges Bank purchased a new position in Camden Property Trust during the 4th quarter worth approximately $187,606,000. Invesco Ltd. boosted its holdings in shares of Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after acquiring an additional 438,685 shares during the period. Northern Trust Corp grew its position in shares of Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after acquiring an additional 357,718 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Camden Property Trust by 15.9% in the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock valued at $292,699,000 after acquiring an additional 345,331 shares during the period. Finally, Victory Capital Management Inc. raised its position in Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after purchasing an additional 277,117 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Insiders Place Their Bets

In related news, CEO Richard J. Campo sold 5,572 shares of the company'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 transaction of $665,854.00. Following the completion of the transaction, the chief executive officer now owns 289,720 shares of the company's stock, valued at approximately $34,621,540. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Price Performance

Shares of CPT traded up $0.48 during trading hours on Friday, reaching $117.97. 296,232 shares of the company traded hands, compared to its average volume of 913,601. The stock has a fifty day simple moving average of $116.53 and a 200 day simple moving average of $117.44. Camden Property Trust has a fifty-two week low of $98.35 and a fifty-two week high of $127.69. The stock has a market capitalization of $12.84 billion, a PE ratio of 78.65, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

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

Wall Street Analyst Weigh In

A number of research firms have commented on CPT. Scotiabank lifted their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Wells Fargo & Company dropped their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price target for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Royal Bank of Canada raised 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 research note on Monday, February 10th. Finally, Barclays boosted their price target on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $128.08.

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.