SG Americas Securities LLC Purchases 5,934 Shares of Camden Property Trust (NYSE:CPT)

SG Americas Securities LLC lifted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 212.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,726 shares of the real estate investment trust's stock after purchasing an additional 5,934 shares during the quarter. SG Americas Securities LLC's holdings in Camden Property Trust were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CPT. Norges Bank purchased a new stake in Camden Property Trust during the fourth quarter valued at $187,606,000. Invesco Ltd. increased its position in Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after acquiring an additional 438,685 shares during the last quarter. GAMMA Investing LLC increased its position in Camden Property Trust by 12,973.9% during the first quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock valued at $49,359,000 after acquiring an additional 400,503 shares during the last quarter. Northern Trust Corp increased its position in Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after acquiring an additional 357,718 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its position in Camden Property Trust by 15.9% during 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 acquiring an additional 345,331 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Insider Activity

In related news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the transaction, the director now owns 117,374 shares of the company's stock, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Price Performance

Shares of NYSE CPT traded down $0.02 during mid-day trading on Friday, reaching $115.60. The company's stock had a trading volume of 1,585,761 shares, compared to its average volume of 926,349. The firm has a market capitalization of $12.35 billion, a PE ratio of 106.05, a P/E/G ratio of 3.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a fifty day moving average of $115.85 and a two-hundred day moving average of $116.54. Camden Property Trust has a 52 week low of $102.35 and a 52 week 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 for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. The firm had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Monday, June 30th. Camden Property Trust's payout ratio is 385.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CPT shares. Scotiabank reduced their price objective on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a research report on Friday, June 13th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and upped their price objective for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Wall Street Zen lowered Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. boosted their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday. Finally, Barclays boosted their price target on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $129.39.

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.