Harbor Capital Advisors Inc. Reduces Stock Position in Camden Property Trust (NYSE:CPT)

Harbor Capital Advisors Inc. decreased its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 88.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 414 shares of the real estate investment trust's stock after selling 3,277 shares during the period. Harbor Capital Advisors Inc.'s holdings in Camden Property Trust were worth $51,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in Camden Property Trust by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock worth $2,001,737,000 after buying an additional 125,287 shares during the period. Victory Capital Management Inc. increased its holdings in Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after purchasing an additional 277,117 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after acquiring an additional 438,685 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Camden Property Trust by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock worth $326,032,000 after acquiring an additional 76,429 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its position in Camden Property Trust by 15.9% during the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock valued at $292,699,000 after purchasing an additional 345,331 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Trading Down 2.1%

Shares of CPT stock opened at $115.96 on Monday. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 77.31, a PEG ratio of 4.41 and a beta of 0.78. 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 50-day moving average of $115.20 and a 200-day moving average of $116.77. 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 posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The company 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 company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share. On average, equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CPT shares. Truist Financial set a $131.00 target price on shares of Camden Property Trust and gave the stock a "buy" rating in a report on Monday, May 19th. Mizuho dropped their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Scotiabank lowered their target price on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a research note on Friday. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Finally, Barclays increased their price target on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $129.33.

Insider Buying and Selling

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the 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 sale, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the company's stock in a transaction 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 transaction, the director now owns 117,374 shares of the company's stock, valued at $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

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.

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