Nuveen Asset Management LLC Sells 76,874 Shares of Camden Property Trust (NYSE:CPT)

Nuveen Asset Management LLC reduced its position in Camden Property Trust (NYSE:CPT - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 868,348 shares of the real estate investment trust's stock after selling 76,874 shares during the period. Nuveen Asset Management LLC owned about 0.81% of Camden Property Trust worth $100,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares in the last quarter. National Pension Service purchased a new stake in shares of Camden Property Trust in the fourth quarter worth approximately $26,000. Quent Capital LLC lifted its position in shares of 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 worth $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC purchased a new stake in shares of Camden Property Trust in the fourth quarter worth approximately $29,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust in the fourth quarter worth approximately $31,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPT shares. Wells Fargo & Company reduced their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Evercore ISI increased their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Citigroup raised shares of 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 research 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 target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $129.94.

Camden Property Trust Stock Performance

CPT stock traded down $0.21 during midday trading on Tuesday, hitting $118.85. 574,905 shares of the company traded hands, compared to its average volume of 919,558. Camden Property Trust has a twelve month low of $98.35 and a twelve month high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The business has a 50 day simple moving average of $116.03 and a 200-day simple moving average of $117.44. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 79.23, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. During the same quarter last year, the company posted $1.70 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were 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 in the company, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the sale, the director now owns 117,374 shares in the company, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,907 shares of company stock worth $824,860 over the last 90 days. Insiders own 1.80% of the company's stock.

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.