Cresset Asset Management LLC Purchases New Position 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 13F filing with the Securities & Exchange Commission. The fund bought 2,151 shares of the real estate investment trust's stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after buying an additional 98 shares during the period. National Pension Service acquired a new stake in shares of Camden Property Trust during the 4th quarter worth $26,000. Quent Capital LLC increased its stake in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust during the fourth quarter valued at about $29,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust in the 4th quarter valued at about $31,000. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPT. Barclays increased their price target 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. Truist Financial upped their price target on Camden Property Trust from $129.00 to $131.00 and gave the company a "buy" rating in a research report on Monday. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and upped their price target for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Evercore ISI raised their price target on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Finally, StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and an average target price of $129.94.

Camden Property Trust Price Performance

Shares of NYSE CPT traded down $0.21 during mid-day trading on Tuesday, reaching $118.85. 574,905 shares of the company traded hands, compared to its average volume of 918,158. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market cap of $12.70 billion, a PE ratio of 79.23, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $98.35 and a fifty-two week high of $127.69. The stock has a fifty day simple moving average of $116.07 and a 200-day simple moving average of $117.45.

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

Insiders Place Their Bets

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 shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the transaction, the director now directly owns 117,374 shares of the company's stock, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust 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 transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,907 shares of company stock valued at $824,860 in the last quarter. Insiders own 1.80% of the company's stock.

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.