Gotham Asset Management LLC Sells 6,563 Shares of Camden Property Trust (NYSE:CPT)

Gotham Asset Management LLC cut its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,413 shares of the real estate investment trust's stock after selling 6,563 shares during the quarter. Gotham Asset Management LLC's holdings in Camden Property Trust were worth $1,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service bought a new position in shares of Camden Property Trust in the 4th quarter valued at about $26,000. UMB Bank n.a. grew its stake in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 98 shares in the last quarter. Quent Capital LLC grew its stake in Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust during the 4th quarter worth approximately $29,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CPT. Wall Street Zen cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price target for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Royal Bank of Canada boosted their price objective 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. Stifel Nicolaus raised 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, Scotiabank lifted their price target on Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Camden Property Trust has a consensus rating of "Hold" and an average target price of $129.94.

Camden Property Trust Stock Performance

NYSE:CPT traded down $1.39 during mid-day trading on Thursday, hitting $114.14. 356,965 shares of the stock were exchanged, compared to its average volume of 995,716. The firm's 50-day simple moving average is $116.02 and its 200 day simple moving average is $117.44. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 76.02, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $98.35 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

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 analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $390.57 million during the quarter, compared to the consensus estimate 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 was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 earnings per share. As a group, equities analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the transaction, the director now owns 117,374 shares in the company, valued at $13,939,336.24. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust 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 sale, the chief executive officer now owns 289,720 shares of the company's stock, valued at approximately $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,907 shares of company stock valued at $824,860. 1.80% of the stock is owned by company insiders.

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.