Squarepoint Ops LLC Has $1.61 Million Stake in Camden Property Trust (NYSE:CPT)

Squarepoint Ops LLC cut its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,887 shares of the real estate investment trust's stock after selling 2,173 shares during the period. Squarepoint Ops LLC's holdings in Camden Property Trust were worth $1,611,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Two Sigma Advisers LP increased its position in shares of Camden Property Trust by 306.2% in the 4th quarter. Two Sigma Advisers LP now owns 130,400 shares of the real estate investment trust's stock valued at $15,132,000 after acquiring an additional 98,300 shares during the period. Two Sigma Investments LP lifted its stake in Camden Property Trust by 158.2% in the 4th quarter. Two Sigma Investments LP now owns 233,161 shares of the real estate investment trust's stock worth $27,056,000 after purchasing an additional 142,864 shares in the last quarter. Tidal Investments LLC lifted its stake in Camden Property Trust by 152.8% in the 4th quarter. Tidal Investments LLC now owns 177,693 shares of the real estate investment trust's stock worth $20,619,000 after purchasing an additional 107,408 shares in the last quarter. Starwood Capital Group Management L.L.C. increased its holdings in shares of Camden Property Trust by 125.6% during the 4th quarter. Starwood Capital Group Management L.L.C. now owns 316,179 shares of the real estate investment trust's stock worth $36,689,000 after buying an additional 176,000 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Camden Property Trust by 8.4% during the 4th quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust's stock worth $6,623,000 after buying an additional 4,404 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Up 0.0%

CPT stock traded up $0.02 during trading hours on Tuesday, hitting $117.85. The company's stock had a trading volume of 1,737,341 shares, compared to its average volume of 921,327. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The stock has a 50 day moving average price of $115.12 and a two-hundred day moving average price of $117.16. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $12.59 billion, a PE ratio of 78.57, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating 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 business had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. During the same period in the previous year, the business earned $1.70 EPS. The firm's revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CPT. Royal Bank of Canada lifted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Wall Street Zen lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Finally, Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and raised their target price for the company from $125.00 to $138.00 in a research note 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $129.78.

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction 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. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the transaction, the director now directly owns 117,374 shares of the company's stock, 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. Over the last three months, insiders have sold 6,907 shares of company stock worth $824,860. Corporate insiders own 1.80% of the company's stock.

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.