Cresset Asset Management LLC Acquires New Holdings in Camden Property Trust (NYSE:CPT)

Cresset Asset Management LLC bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,151 shares of the real estate investment trust's stock, valued at approximately $251,000.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 98 shares during the period. National Pension Service bought a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $26,000. Quent Capital LLC boosted its position in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC bought a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $31,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

Camden Property Trust stock traded down $1.27 during mid-day trading on Friday, hitting $113.13. 1,289,408 shares of the company were exchanged, compared to its average volume of 920,463. 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 business has a fifty day moving average of $115.77 and a 200 day moving average of $117.39. Camden Property Trust has a 1-year low of $98.35 and a 1-year high of $127.69. The company has a market capitalization of $12.09 billion, a PE ratio of 75.42, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its 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. 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 during the quarter, compared to analyst estimates of $388.47 million. During the same period last year, the company posted $1.70 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Activity

In related news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction dated Tuesday, May 6th. The stock was 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 directly owns 289,720 shares in the company, valued at $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 can be accessed through the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was 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 in the company, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,907 shares of company stock worth $824,860. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CPT has been the subject of several research reports. Barclays increased their price objective on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Wells Fargo & Company reduced their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Wall Street Zen cut Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Stifel Nicolaus upped 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. Finally, Evercore ISI upped their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus price target 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.