Nuveen Asset Management LLC Lowers Stake in Camden Property Trust (NYSE:CPT)

Nuveen Asset Management LLC decreased its position in Camden Property Trust (NYSE:CPT - Free Report) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the 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 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC increased its stake in shares of Camden Property Trust by 45.4% in the 3rd quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust's stock valued at $50,371,000 after purchasing an additional 127,358 shares in the last quarter. Czech National Bank grew its holdings in Camden Property Trust by 6.5% in the fourth quarter. Czech National Bank now owns 23,131 shares of the real estate investment trust's stock valued at $2,684,000 after purchasing an additional 1,409 shares during the period. Park Avenue Securities LLC increased its position in shares of Camden Property Trust by 8.2% in the fourth quarter. Park Avenue Securities LLC now owns 4,501 shares of the real estate investment trust's stock valued at $522,000 after buying an additional 340 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $252,000. Finally, Kera Capital Partners Inc. acquired a new position in shares of Camden Property Trust during the 4th quarter worth approximately $228,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Trading Down 1.0%

Camden Property Trust stock traded down $1.13 during trading on Thursday, reaching $114.41. 383,954 shares of the company were exchanged, compared to its average volume of 914,610. The stock's 50 day simple moving average is $116.02 and its two-hundred day simple moving average is $117.44. The company has a market capitalization of $12.22 billion, a P/E ratio of 76.20, a PEG ratio of 4.41 and a beta of 0.79. 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 has a 52-week low of $98.35 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (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 return on equity of 3.35% and a net margin of 10.58%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company earned $1.70 EPS. On average, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research analyst reports. 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. Truist Financial increased their price objective on shares of Camden Property Trust from $129.00 to $131.00 and gave the company a "buy" rating in a report on Monday. Barclays boosted their target price 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, May 9th. Evercore ISI raised their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Scotiabank lifted their price objective 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 equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $129.94.

Insiders Place Their Bets

In other news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction on Tuesday, May 6th. The stock was 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 directly owns 289,720 shares in the company, valued at approximately $34,621,540. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction dated Friday, May 16th. The shares were 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. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,907 shares of company stock valued at $824,860 over the last ninety days. Company insiders own 1.80% of the company's stock.

Camden Property Trust Company 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.