ProShare Advisors LLC Has $2.94 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

ProShare Advisors LLC cut its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,374 shares of the real estate investment trust's stock after selling 4,381 shares during the period. ProShare Advisors LLC's holdings in Camden Property Trust were worth $2,944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPT. Vanguard Group Inc. lifted its position in shares of Camden Property Trust by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock worth $2,001,737,000 after buying an additional 125,287 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Camden Property Trust by 6.7% during the fourth 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 acquiring an additional 277,117 shares during the period. Invesco Ltd. boosted its stake in shares of Camden Property Trust by 17.3% in the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after purchasing an additional 438,685 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Camden Property Trust by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock valued at $326,032,000 after purchasing an additional 76,429 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its stake 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 acquiring an additional 345,331 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Down 1.1%

CPT traded down $1.27 during trading on Monday, hitting $113.13. The company had a trading volume of 1,289,408 shares, compared to its average volume of 921,858. The firm's 50-day moving average price is $115.77 and its 200 day moving average price is $117.38. The company has a market capitalization of $12.09 billion, a PE ratio of 75.42, a PEG 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 has a one year low of $98.35 and a one year high of $127.69.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The business 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%. Camden Property Trust's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $1.70 earnings per share. As a group, equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a report on Friday, February 7th. 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. Scotiabank lifted their price target on Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Wall Street Zen lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Royal Bank of Canada raised 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and an average target price of $129.78.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was 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 in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,907 shares of company stock valued at $824,860 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

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.