Two Sigma Advisers LP Raises Stake in Camden Property Trust (NYSE:CPT)

Two Sigma Advisers LP boosted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 306.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 130,400 shares of the real estate investment trust's stock after buying an additional 98,300 shares during the period. Two Sigma Advisers LP owned 0.12% of Camden Property Trust worth $15,132,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Camden Property Trust by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after purchasing an additional 125,287 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Camden Property Trust by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after purchasing an additional 277,117 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after purchasing an additional 438,685 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Camden Property Trust by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock valued at $326,032,000 after purchasing an additional 76,429 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Camden Property Trust by 15.9% during the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock valued at $292,699,000 after purchasing an additional 345,331 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 1.4%

Shares of NYSE:CPT traded up $1.57 during mid-day trading on Tuesday, reaching $114.60. 156,131 shares of the company were exchanged, compared to its average volume of 1,000,094. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 76.36, a P/E/G ratio of 4.41 and a beta of 0.79. The firm's 50-day simple moving average is $115.64 and its 200 day simple moving average is $117.32. Camden Property Trust has a 1 year low of $98.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $390.57 million during the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.70 EPS. Equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a report on Friday, February 7th. Mizuho dropped their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday. Evercore ISI increased their price objective 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. Scotiabank increased their price target on shares of Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Wall Street Zen downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $129.78.

Insiders Place Their Bets

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 117,374 shares in the company, valued at $13,939,336.24. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Campo sold 5,572 shares of the firm's 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 in the company, valued at $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,907 shares of company stock worth $824,860 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

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.