Toronto Dominion Bank Buys 4,404 Shares of Camden Property Trust (NYSE:CPT)

Toronto Dominion Bank lifted its position in Camden Property Trust (NYSE:CPT - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,073 shares of the real estate investment trust's stock after purchasing an additional 4,404 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Camden Property Trust worth $6,623,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. increased its holdings 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 bought a new position in shares of Camden Property Trust in the fourth quarter worth $821,000. Vanderbilt University increased its holdings in shares of Camden Property Trust by 52.7% in the fourth quarter. Vanderbilt University now owns 7,591 shares of the real estate investment trust's stock worth $881,000 after purchasing an additional 2,619 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Camden Property Trust by 33.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 132 shares during the period. Finally, Arkadios Wealth Advisors bought a new position in shares of Camden Property Trust in the fourth quarter worth $252,000. Institutional investors own 97.22% of the company's stock.

Insider Buying and Selling

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were 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 of the company's stock, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 6,907 shares of company stock valued at $824,860 over the last three months. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CPT shares. Royal Bank of Canada increased their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and increased their target price for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Barclays increased their target price on 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 target price on Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Stifel Nicolaus increased their target price 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and a consensus price target of $129.78.

Camden Property Trust Trading Down 1.1%

Shares of Camden Property Trust stock traded down $1.27 during trading on Friday, reaching $113.13. 1,289,408 shares of the stock were exchanged, compared to its average volume of 921,858. 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's fifty day moving average is $115.77 and its 200 day moving average is $117.39. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 75.42, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 1 year low of $98.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results 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. The company had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Camden Property Trust's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. As a group, equities research analysts expect 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.