Nomura Holdings Inc. Purchases New Holdings in Camden Property Trust (NYSE:CPT)

Nomura Holdings Inc. purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,898 shares of the real estate investment trust's stock, valued at approximately $1,845,000.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Camden Property Trust during the 4th quarter worth about $187,606,000. Invesco Ltd. boosted its holdings in shares of Camden Property Trust by 17.3% in the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after buying an additional 438,685 shares during the last quarter. Northern Trust Corp grew its position in shares of Camden Property Trust by 33.7% during the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after acquiring an additional 357,718 shares during the period. Centersquare Investment Management LLC increased its position in Camden Property Trust by 15.9% in the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after buying an additional 345,331 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake 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 acquiring an additional 277,117 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Trading Down 0.2%

Shares of CPT stock traded down $0.21 during mid-day trading on Tuesday, hitting $118.85. 574,905 shares of the company's stock were exchanged, compared to its average volume of 918,158. Camden Property Trust has a fifty-two week low of $98.35 and a fifty-two week high of $127.69. 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 has a 50-day simple moving average of $116.07 and a two-hundred day simple moving average of $117.45. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 79.23, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The business had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction dated 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 $13,939,336.24. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,907 shares of company stock valued at $824,860 over the last ninety days. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Camden Property Trust from $129.00 to $131.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company lowered their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Scotiabank boosted their target price on shares of Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Jefferies Financial Group upgraded shares of 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 research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Camden Property Trust presently has an average rating of "Hold" and an average target price of $129.94.

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.