Camden Property Trust (NYSE:CPT) Shares Bought by Fielder Capital Group LLC

Key Points

• Fielder Capital Group LLC increased its stake in Camden Property Trust by 9.2%, owning approximately $5.37 million in shares, which represent about 1.6% of its total holdings.
• A significant proportion of Camden Property Trust's stock, around 97.22%, is owned by institutional investors and hedge funds, highlighting strong interest from larger financial entities.
• Camden Property Trust's recent quarterly earnings report showed an EPS of $1.72, surpassing analysts' expectations and reflecting a 2.0% revenue increase from the same period last year.

Fielder Capital Group LLC boosted its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,921 shares of the real estate investment trust's stock after purchasing an additional 3,714 shares during the quarter. Camden Property Trust comprises 1.6% of Fielder Capital Group LLC's portfolio, making the stock its 18th biggest holding. Fielder Capital Group LLC's holdings in Camden Property Trust were worth $5,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. Northern Trust Corp increased its stake in Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after acquiring an additional 357,718 shares during the last quarter. Natixis increased its stake in Camden Property Trust by 741.3% in the 4th quarter. Natixis now owns 18,063 shares of the real estate investment trust's stock worth $2,096,000 after acquiring an additional 15,916 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Camden Property Trust by 6.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 244,789 shares of the real estate investment trust's stock worth $28,657,000 after purchasing an additional 13,784 shares during the period. Jump Financial LLC boosted its holdings in shares of Camden Property Trust by 32.1% in the 4th quarter. Jump Financial LLC now owns 20,777 shares of the real estate investment trust's stock worth $2,411,000 after purchasing an additional 5,051 shares during the period. Finally, MQS Management LLC purchased a new position in shares of Camden Property Trust in the 1st quarter worth approximately $1,421,000. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

CPT has been the subject of a number of recent research reports. Scotiabank dropped their target price on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Wall Street Zen cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Truist Financial set a $131.00 target price on Camden Property Trust and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Barclays boosted their price objective on Camden Property Trust from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $129.28.

Insider Buying and Selling

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the 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 transaction, the director owned 117,374 shares in the company, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of the 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 owned 289,720 shares in the company, valued at $34,621,540. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

Camden Property Trust stock traded down $3.02 during midday trading on Thursday, hitting $109.11. 863,907 shares of the company were exchanged, compared to its average volume of 978,430. The firm has a market capitalization of $11.66 billion, a PE ratio of 100.38, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69. The business has a fifty day simple moving average of $114.92 and a two-hundred day simple moving average of $116.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.19 and a current ratio of 0.19.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 2.47% and a net margin of 7.62%. Camden Property Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. On average, sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a dividend of $1.05 per share. The ex-dividend date was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.85%. Camden Property Trust's dividend payout ratio is currently 385.32%.

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.