7,637 Shares in Camden Property Trust (NYSE:CPT) Bought by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd acquired a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,637 shares of the real estate investment trust's stock, valued at approximately $886,000. Camden Property Trust comprises approximately 0.8% of Fairtree Asset Management Pty Ltd's investment portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service purchased a new position in shares of Camden Property Trust in the fourth quarter worth about $26,000. Quent Capital LLC boosted its holdings in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $31,000. Finally, 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 valued at $61,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Insider Buying and Selling at Camden Property Trust

In related news, 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 transaction of $142,512.00. Following the completion of the sale, the director now owns 117,374 shares in the company, valued at $13,939,336.24. The trade was 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 the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the 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 in the company, valued at $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,907 shares of company stock valued at $824,860. Insiders own 1.80% of the company's stock.

Camden Property Trust Price Performance

CPT stock opened at $117.34 on Monday. The business's 50-day moving average is $115.29 and its two-hundred day moving average is $117.17. 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 capitalization of $12.54 billion, a P/E ratio of 78.23, a P/E/G ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released 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. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The firm had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. During the same period in the prior year, the firm earned $1.70 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPT has been the subject of several analyst reports. Barclays upped their target price on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Mizuho decreased their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Evercore ISI upped their price objective on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $129.78.

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.