Lecap Asset Management Ltd. Buys Shares of 5,318 Camden Property Trust (NYSE:CPT)

Lecap Asset Management Ltd. bought a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,318 shares of the real estate investment trust's stock, valued at approximately $650,000.

Several other hedge funds have also recently made changes to their positions in CPT. Norges Bank purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $187,606,000. Invesco Ltd. raised its position in shares of Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after buying an additional 438,685 shares in the last quarter. GAMMA Investing LLC raised its position in Camden Property Trust by 12,973.9% in the 1st quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock worth $49,359,000 after purchasing an additional 400,503 shares during the period. Northern Trust Corp raised its position 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 purchasing an additional 357,718 shares during the period. Finally, Centersquare Investment Management LLC raised its position in Camden Property Trust by 15.9% in the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after purchasing an additional 345,331 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPT has been the topic of a number of recent analyst reports. Barclays increased their price objective 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. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their price objective for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Wall Street Zen lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Finally, Mizuho reduced their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Two investment 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. Based on data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus price target of $129.39.

Insider Activity

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the sale, the chief executive officer now directly owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the firm'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 transaction of $142,512.00. Following the completion of the sale, the director now owns 117,374 shares of the company's stock, valued at approximately $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. Insiders own 1.80% of the company's stock.

Camden Property Trust Trading Down 0.5%

Shares of NYSE:CPT traded down $0.58 during trading on Friday, reaching $113.75. 1,151,230 shares of the company were exchanged, compared to its average volume of 933,381. The firm has a market capitalization of $12.15 billion, a PE ratio of 104.36, a P/E/G ratio of 3.42 and a beta of 0.78. The business's fifty day simple moving average is $116.14 and its 200-day simple moving average is $116.38. Camden Property Trust has a 12-month low of $102.35 and a 12-month high of $127.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.19 and a quick ratio of 0.19.

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 analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The firm had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. During the same period last year, the firm earned $1.70 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.69%. Camden Property Trust's dividend payout ratio is presently 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.