Siemens Fonds Invest GmbH Raises Stake in Camden Property Trust (NYSE:CPT)

Siemens Fonds Invest GmbH raised its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 547.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,525 shares of the real estate investment trust's stock after buying an additional 9,744 shares during the period. Siemens Fonds Invest GmbH's holdings in Camden Property Trust were worth $1,337,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CPT. National Pension Service bought a new position in Camden Property Trust in the 4th quarter worth $26,000. Quent Capital LLC raised its holdings in 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 worth $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC bought a new position in Camden Property Trust in the 4th quarter worth $29,000. Bellwether Advisors LLC bought a new position in shares of Camden Property Trust in the 4th quarter worth 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 worth $61,000 after acquiring an additional 132 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Scotiabank increased their price target on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Barclays raised their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $125.00 to $138.00 in a report on Friday, March 28th. Evercore ISI raised their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $129.78.

Insider Buying and Selling

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 shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the company'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 transaction, the director now owns 117,374 shares in the company, valued at approximately $13,939,336.24. This trade represents 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 three months. 1.80% of the stock is owned by company insiders.

Camden Property Trust Price Performance

CPT traded up $0.28 during trading hours on Monday, hitting $117.77. The company's stock had a trading volume of 528,563 shares, compared to its average volume of 918,400. The business's 50-day moving average price is $115.20 and its 200-day moving average price is $117.16. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 78.51, a P/E/G ratio of 4.41 and a beta of 0.79. 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 announced 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. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. 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 previous year, the business posted $1.70 earnings per share. Camden Property Trust's quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

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.