Eminence Capital LP Acquires 49,296 Shares of Camden Property Trust (NYSE:CPT)

Eminence Capital LP raised its position in Camden Property Trust (NYSE:CPT - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 815,884 shares of the real estate investment trust's stock after acquiring an additional 49,296 shares during the period. Eminence Capital LP owned about 0.76% of Camden Property Trust worth $94,675,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CPT. Norges Bank bought a new position in Camden Property Trust in the 4th quarter valued at $187,606,000. Invesco Ltd. raised its stake in Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after buying an additional 438,685 shares during the period. Northern Trust Corp raised its stake in Camden Property Trust by 33.7% during the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after buying an additional 357,718 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Camden Property Trust by 15.9% in the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock valued at $292,699,000 after purchasing an additional 345,331 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Camden Property Trust by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock worth $510,674,000 after acquiring an additional 277,117 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Trading Up 0.7%

CPT traded up $0.80 during trading on Monday, reaching $118.78. 139,108 shares of the stock traded hands, compared to its average volume of 914,075. 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 stock has a market capitalization of $12.69 billion, a PE ratio of 79.05, a P/E/G ratio of 4.41 and a beta of 0.79. The stock's 50-day moving average is $116.43 and its 200 day moving average is $117.39. Camden Property Trust has a 12 month low of $98.35 and a 12 month high of $127.69.

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, topping analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS. Equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPT. Scotiabank boosted their price target on Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a research report on Monday. Stifel Nicolaus boosted their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Evercore ISI boosted their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Royal Bank of Canada boosted their price objective 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. Finally, StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Thursday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and an average target price of $128.55.

Insider Activity at Camden Property Trust

In related 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 value of $665,854.00. Following the transaction, the chief executive officer now owns 289,720 shares of the company's stock, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by 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.