Sarasin & Partners LLP Has $3.79 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

Sarasin & Partners LLP trimmed its stake in Camden Property Trust (NYSE:CPT - Free Report) by 39.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,947 shares of the real estate investment trust's stock after selling 19,870 shares during the quarter. Sarasin & Partners LLP's holdings in Camden Property Trust were worth $3,785,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. ABC Arbitrage SA acquired a new position in shares of Camden Property Trust in the 4th quarter worth $821,000. Smartleaf Asset Management LLC grew its holdings 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 worth $61,000 after acquiring an additional 132 shares during the last quarter. Inceptionr LLC acquired a new position in shares of Camden Property Trust in the 4th quarter worth $621,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Camden Property Trust by 13.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,383 shares of the real estate investment trust's stock worth $3,990,000 after acquiring an additional 3,976 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock valued at $164,786,000 after buying an additional 357,718 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The sale 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 business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director now directly owns 117,374 shares of the company's stock, valued at $13,939,336.24. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Camden Property Trust Stock Down 0.7%

Shares of NYSE:CPT traded down $0.80 on Wednesday, reaching $117.31. The company had a trading volume of 767,797 shares, compared to its average volume of 925,068. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69. The stock has a 50-day moving average price of $114.80 and a 200 day moving average price of $117.01. The stock has a market capitalization of $12.53 billion, a P/E ratio of 78.20, a P/E/G ratio of 4.41 and a beta of 0.78. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share 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 during the quarter, compared to analysts' expectations of $388.47 million. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The business's quarterly 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 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Scotiabank lifted their price target on Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $125.00 to $138.00 in a report on Friday, March 28th. Wall Street Zen downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Truist Financial set a $131.00 price target on Camden Property Trust and gave the company a "buy" rating in a report on Monday, May 19th. Finally, Barclays lifted their price target on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and an average price target of $129.78.

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.