Centiva Capital LP Invests $788,000 in Camden Property Trust (NYSE:CPT)

Centiva Capital LP acquired a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,792 shares of the real estate investment trust's stock, valued at approximately $788,000.

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

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the transaction, the chief executive officer now owns 289,720 shares in the company, valued at $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Price Performance

NYSE:CPT traded down $1.69 during trading hours on Tuesday, hitting $117.26. The stock had a trading volume of 949,848 shares, compared to its average volume of 915,860. The company has a 50 day simple moving average of $116.31 and a two-hundred day simple moving average of $117.39. 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 one year low of $98.35 and a one year high of $127.69. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 78.17, a P/E/G ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data 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. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The company had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. During the same period in the previous year, the firm posted $1.70 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CPT has been the topic of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Evercore ISI increased their price objective 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. Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $128.55.

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.