Royal Bank of Canada Purchases 55,674 Shares of Camden Property Trust (NYSE:CPT)

Royal Bank of Canada lifted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 49.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,807 shares of the real estate investment trust's stock after acquiring an additional 55,674 shares during the period. Royal Bank of Canada owned approximately 0.16% of Camden Property Trust worth $19,472,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPT. Atomi Financial Group Inc. increased its position in shares of Camden Property Trust by 7.7% in the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 166 shares during the period. ABC Arbitrage SA acquired a new stake in Camden Property Trust during the fourth quarter worth about $821,000. Vanderbilt University increased its holdings in Camden Property Trust by 52.7% in the 4th quarter. Vanderbilt University now owns 7,591 shares of the real estate investment trust's stock valued at $881,000 after buying an additional 2,619 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Camden Property Trust by 33.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 132 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in shares of Camden Property Trust in the 4th quarter valued at approximately $621,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction on Friday, May 16th. The stock was 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 of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,907 shares of company stock valued at $824,860. 1.80% of the stock is currently owned by company insiders.

Camden Property Trust Trading Down 0.2%

CPT traded down $0.24 during midday trading on Friday, hitting $116.67. 75,543 shares of the company were exchanged, compared to its average volume of 916,632. The firm's 50 day moving average price is $115.37 and its 200-day moving average price is $117.26. Camden Property Trust has a 1-year low of $100.06 and a 1-year high of $127.69. The firm has a market capitalization of $12.46 billion, a P/E ratio of 77.89, a P/E/G ratio of 4.41 and a beta of 0.79. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Truist Financial set a $131.00 price target on Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price target for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Wall Street Zen lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Finally, Mizuho decreased their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $129.78.

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.