Camden Property Trust (NYSE:CPT) Position Reduced by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,992 shares of the real estate investment trust's stock after selling 7,294 shares during the period. Reinhart Partners LLC. owned about 0.08% of Camden Property Trust worth $10,272,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Camden Property Trust by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after acquiring an additional 125,287 shares in the last quarter. Victory Capital Management Inc. grew its stake 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 in the last quarter. Invesco Ltd. grew its stake 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 in the last quarter. Geode Capital Management LLC grew its stake in Camden Property Trust by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock worth $326,032,000 after purchasing an additional 76,429 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its stake in 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 worth $292,699,000 after purchasing an additional 345,331 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 transaction of $665,854.00. Following the sale, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. The trade was 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 available at the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the business'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 sale, the director now directly owns 117,374 shares in the company, 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.

Analyst Ratings Changes

A number of research firms recently commented on CPT. Royal Bank of Canada lifted their price target on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Wall Street Zen downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price target for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Finally, Scotiabank lifted their price target on Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Two equities 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $129.78.

Camden Property Trust Stock Performance

Shares of CPT traded up $0.54 during mid-day trading on Tuesday, reaching $118.08. 1,002,985 shares of the company's stock traded hands, compared to its average volume of 924,465. The business's 50-day moving average price is $114.66 and its 200-day moving average price is $117.01. The stock has a market capitalization of $12.62 billion, a P/E ratio of 78.72, a price-to-earnings-growth ratio of 4.41 and a beta of 0.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 earnings per share. Equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust 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.