Focus Partners Wealth Acquires Shares of 7,398 Camden Property Trust (NYSE:CPT)

Focus Partners Wealth bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,398 shares of the real estate investment trust's stock, valued at approximately $859,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. lifted its holdings in Camden Property Trust by 7.7% during the 4th quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 166 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Camden Property Trust during the 4th quarter worth about $821,000. Vanderbilt University grew its stake in Camden Property Trust by 52.7% in the 4th quarter. Vanderbilt University now owns 7,591 shares of the real estate investment trust's stock valued at $881,000 after buying an additional 2,619 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Camden Property Trust by 33.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 132 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in Camden Property Trust during the 4th quarter worth approximately $252,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Performance

CPT stock traded down $1.27 during midday trading on Friday, hitting $113.13. The company's stock had a trading volume of 1,289,408 shares, compared to its average volume of 921,858. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 75.42, a PEG ratio of 4.41 and a beta of 0.79. 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 stock's 50-day moving average price is $115.77 and its 200 day moving average price is $117.39. Camden Property Trust has a 1 year low of $98.35 and a 1 year high of $127.69.

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 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. The company had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. On average, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Wall Street Analyst Weigh In

CPT has been the topic of a number of recent research reports. Barclays raised their price target on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Stifel Nicolaus lifted their price target 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. Royal Bank of Canada increased their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company 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 boosted their price target for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Scotiabank lifted their price target on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $129.78.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction dated 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 transaction, the director now owns 117,374 shares of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction 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 directly owns 289,720 shares of the company's stock, valued at approximately $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,907 shares of company stock worth $824,860. 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.