GAMMA Investing LLC Has $49.36 Million Position in Camden Property Trust (NYSE:CPT)

GAMMA Investing LLC grew its position in Camden Property Trust (NYSE:CPT - Free Report) by 12,973.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 403,590 shares of the real estate investment trust's stock after buying an additional 400,503 shares during the period. GAMMA Investing LLC owned 0.37% of Camden Property Trust worth $49,359,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. ABC Arbitrage SA acquired a new stake in shares of Camden Property Trust during the fourth quarter worth $821,000. Vanderbilt University lifted its holdings in shares of Camden Property Trust by 52.7% in the fourth quarter. Vanderbilt University now owns 7,591 shares of the real estate investment trust's stock valued at $881,000 after purchasing an additional 2,619 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 in the last quarter. Inceptionr LLC bought a new stake in shares of Camden Property Trust in the fourth quarter valued at about $621,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Camden Property Trust by 13.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,383 shares of the real estate investment trust's stock valued at $3,990,000 after purchasing an additional 3,976 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Richard J. Campo sold 5,572 shares of the company's 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 now owns 289,720 shares of the company's stock, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Webster sold 1,200 shares of the company'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 completion of the transaction, the director now directly owns 117,374 shares in the company, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,907 shares of company stock valued at $824,860. 1.80% of the stock is owned by insiders.

Camden Property Trust Stock Performance

NYSE:CPT traded up $0.15 on Friday, hitting $115.89. The company's stock had a trading volume of 595,130 shares, compared to its average volume of 919,881. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average of $114.78 and a two-hundred day moving average of $117.10. The firm has a market capitalization of $12.38 billion, a P/E ratio of 77.26, a price-to-earnings-growth ratio of 4.41 and a beta of 0.78. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating 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 3.35% and a net margin of 10.58%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 earnings per share. Research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPT. Royal Bank of Canada boosted their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. Evercore ISI boosted their price target 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. Truist Financial set a $131.00 price target on Camden Property Trust and gave the company a "buy" rating in a report on Monday, May 19th. Wall Street Zen lowered Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Mizuho dropped their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Two investment 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's stock. According to data from MarketBeat, Camden Property Trust currently has an average rating of "Hold" and an average target price 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.