Rhumbline Advisers Boosts Holdings in Camden Property Trust (NYSE:CPT)

Rhumbline Advisers grew its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 10.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 hedge funds have also recently made changes to their positions in the business. ABC Arbitrage SA bought a new stake in Camden Property Trust in the fourth quarter worth $821,000. Vanderbilt University increased 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 worth $881,000 after buying an additional 2,619 shares during the period. Smartleaf Asset Management LLC lifted 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. Inceptionr LLC purchased a new stake in Camden Property Trust during the 4th quarter valued at about $621,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Camden Property Trust by 13.1% during the 4th 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 acquiring an additional 3,976 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CPT. Scotiabank boosted their price objective on Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Evercore ISI lifted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Mizuho cut their price target on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Finally, Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $129.78.

Insider Buying and Selling

In other news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction that occurred 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 sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 289,720 shares in the company, valued at $34,621,540. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Camden Property Trust Stock Up 1.5%

Shares of CPT stock traded up $1.72 during midday trading on Monday, reaching $117.55. 1,409,233 shares of the stock were exchanged, compared to its average volume of 923,889. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The firm has a market cap of $12.56 billion, a PE ratio of 78.36, a price-to-earnings-growth ratio of 4.41 and a beta of 0.78. The company's 50 day moving average is $114.78 and its two-hundred day moving average is $117.04. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

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 for the quarter, topping the consensus estimate of $1.68 by $0.04. The company had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 earnings per share. On average, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

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.