Rhumbline Advisers Buys 20,121 Shares of Camden Property Trust (NYSE:CPT)

Rhumbline Advisers grew its stake in Camden Property Trust (NYSE:CPT - Free Report) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 221,366 shares of the real estate investment trust's stock after acquiring an additional 20,121 shares during the quarter. Rhumbline Advisers owned 0.21% of Camden Property Trust worth $27,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CPT. National Pension Service bought a new stake in shares of Camden Property Trust in the 4th quarter valued at about $26,000. Quent Capital LLC increased its stake in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 114 shares during the last quarter. IAG Wealth Partners LLC bought a new stake in shares of Camden Property Trust in the 4th quarter valued at about $29,000. Bellwether Advisors LLC bought a new stake in shares of Camden Property Trust in the 4th quarter valued at about $31,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Camden Property Trust by 33.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 132 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Up 0.1%

NYSE:CPT traded up $0.15 during trading hours on Friday, reaching $115.89. 595,130 shares of the stock were exchanged, compared to its average volume of 919,881. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a 50 day moving average of $114.78 and a 200 day moving average of $117.10. The stock has a market cap of $12.38 billion, a PE ratio of 77.26, a PEG ratio of 4.41 and a beta of 0.78.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 3.35% and a net margin of 10.58%. The company had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. During the same quarter in the prior year, the business posted $1.70 EPS. The business's revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect 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. Scotiabank upped their price target on Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price objective for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Royal Bank of Canada boosted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Finally, Barclays boosted their price objective on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus target price of $129.78.

Insider Activity at Camden Property Trust

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 stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the transaction, the chief executive officer now owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the transaction, the director now 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. In the last quarter, insiders have sold 6,907 shares of company stock worth $824,860. Company 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.