Camden Property Trust (NYSE:CPT) Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. lessened its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 61.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,236 shares of the real estate investment trust's stock after selling 5,224 shares during the period. Fullerton Fund Management Co Ltd.'s holdings in Camden Property Trust were worth $376,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after purchasing an additional 51,097 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock worth $23,174,000 after buying an additional 5,985 shares during the last quarter. Atomi Financial Group Inc. boosted its position 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 acquiring an additional 166 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Camden Property Trust in the 4th quarter valued at about $821,000. Finally, Vanderbilt University raised its position in shares of Camden Property Trust by 52.7% during the 4th quarter. Vanderbilt University now owns 7,591 shares of the real estate investment trust's stock worth $881,000 after acquiring an additional 2,619 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. Scotiabank increased their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price target for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Truist Financial upped their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Finally, Stifel Nicolaus lifted their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. One investment 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 a consensus rating of "Hold" and an average price target of $128.08.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value 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 represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Camden Property Trust Price Performance

Shares of CPT opened at $117.95 on Friday. The firm has a market capitalization of $12.83 billion, a PE ratio of 78.63, a P/E/G ratio of 4.41 and a beta of 0.79. The stock's 50 day moving average is $116.43 and its two-hundred day moving average is $117.43. Camden Property Trust has a twelve month low of $98.35 and a twelve month high of $127.69. 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 (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share 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 for the quarter, compared to analyst estimates of $388.47 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. Camden Property Trust's quarterly revenue was up 2.0% on a year-over-year basis. Research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current 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.

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