3,803 Shares in Camden Property Trust (NYSE:CPT) Bought by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC bought a new position in Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,803 shares of the real estate investment trust's stock, valued at approximately $441,000.

A number of other large investors also recently modified their holdings of the company. UMB Bank n.a. raised its position in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 98 shares during the last quarter. National Pension Service purchased a new stake in Camden Property Trust in the 4th quarter valued at $26,000. Quent Capital LLC raised its position 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 valued at $28,000 after buying an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust in the 4th quarter valued at $29,000. Finally, Bellwether Advisors LLC purchased a new stake in Camden Property Trust in the 4th quarter valued at $31,000. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

Shares of CPT traded down $1.23 during trading hours on Thursday, reaching $114.30. 1,234,375 shares of the company's stock traded hands, compared to its average volume of 918,001. The stock has a market cap of $12.21 billion, a PE ratio of 76.20, a price-to-earnings-growth 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. The firm's 50 day simple moving average is $115.90 and its 200-day simple moving average is $117.42. Camden Property Trust has a 12 month low of $98.35 and a 12 month high of $127.69.

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, beating analysts' consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.70 EPS. Equities analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Insider Activity at Camden Property Trust

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 transaction of $142,512.00. Following the transaction, the director now directly owns 117,374 shares of the company's stock, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,907 shares of company stock valued at $824,860. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CPT shares. Barclays increased their price target 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. Wall Street Zen lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Evercore ISI raised their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and raised their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company decreased their target price 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $129.94.

About Camden Property Trust

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.