Camden Property Trust (NYSE:CPT) is Starwood Capital Group Management L.L.C.'s Largest Position

Starwood Capital Group Management L.L.C. boosted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 125.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 316,179 shares of the real estate investment trust's stock after acquiring an additional 176,000 shares during the quarter. Camden Property Trust accounts for approximately 22.4% of Starwood Capital Group Management L.L.C.'s investment portfolio, making the stock its biggest holding. Starwood Capital Group Management L.L.C. owned 0.30% of Camden Property Trust worth $36,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPT. Norges Bank purchased a new position in shares of Camden Property Trust in the 4th quarter worth approximately $187,606,000. Invesco Ltd. boosted its position in Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after purchasing an additional 438,685 shares during the last quarter. Northern Trust Corp grew its stake in Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after purchasing an additional 357,718 shares during the period. Centersquare Investment Management LLC grew its stake in Camden Property Trust by 15.9% in the 4th 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 during the period. Finally, Victory Capital Management Inc. increased its position 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 valued at $510,674,000 after purchasing an additional 277,117 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Insider Transactions at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director now directly owns 117,374 shares of the company's stock, valued at $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction that occurred 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 directly owns 289,720 shares in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,907 shares of company stock valued at $824,860. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

CPT has been the subject of a number of research analyst reports. Scotiabank raised their price objective on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. 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. Royal Bank of Canada raised their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the company a "buy" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $129.94.

Camden Property Trust Trading Down 1.4%

CPT traded down $1.66 during midday trading on Friday, reaching $112.74. 494,792 shares of the company's stock traded hands, compared to its average volume of 1,000,421. Camden Property Trust has a 52 week low of $98.35 and a 52 week 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 firm has a fifty day moving average of $115.90 and a two-hundred day moving average of $117.42. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 75.16, a P/E/G ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The company 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 firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. On average, equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

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.