Crestline Management LP Takes $4.74 Million Position in Camden Property Trust (NYSE:CPT)

Crestline Management LP acquired a new position in Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,860 shares of the real estate investment trust's stock, valued at approximately $4,741,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. raised its stake 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 acquiring an additional 98 shares in the last quarter. National Pension Service bought a new stake in 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% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 114 shares during the last quarter. IAG Wealth Partners LLC bought a new position in shares of Camden Property Trust during the fourth quarter valued at about $29,000. Finally, Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust in the fourth quarter worth about $31,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Richard J. Campo sold 5,572 shares of the firm'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 sale, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Stock Up 0.4 %

CPT stock traded up $0.46 during trading on Friday, hitting $117.95. 763,524 shares of the stock traded hands, compared to its average volume of 915,994. The firm's 50 day moving average is $116.43 and its two-hundred day moving average is $117.43. Camden Property Trust has a 1 year low of $98.35 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 78.63, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. On average, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPT. Barclays raised their price target on Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Thursday. Scotiabank boosted their price target on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Stifel Nicolaus lifted their price objective 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. Finally, Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $117.00 to $139.00 in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $128.08.

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.