UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 25,695 Shares of Camden Property Trust (NYSE:CPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 972,112 shares of the real estate investment trust's stock after buying an additional 25,695 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.91% of Camden Property Trust worth $112,804,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC grew its holdings in shares of Camden Property Trust by 74.5% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 54,107 shares of the real estate investment trust's stock worth $6,279,000 after purchasing an additional 23,102 shares in the last quarter. Sovereign s Capital Management LLC purchased a new position in shares of Camden Property Trust during the fourth quarter worth about $441,000. Waters Parkerson & CO. LLC grew its holdings in shares of Camden Property Trust by 1.1% during the fourth quarter. Waters Parkerson & CO. LLC now owns 23,489 shares of the real estate investment trust's stock worth $2,726,000 after purchasing an additional 255 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Camden Property Trust by 306.2% during the fourth quarter. Two Sigma Advisers LP now owns 130,400 shares of the real estate investment trust's stock worth $15,132,000 after purchasing an additional 98,300 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Camden Property Trust by 158.2% during the fourth 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. Hedge funds and other institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CPT. Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Evercore ISI boosted their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Scotiabank boosted their price objective on Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Royal Bank of Canada upped their target price on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Finally, Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and upped their target price for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. 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 company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $129.78.

Camden Property Trust Stock Up 0.5%

Shares of NYSE:CPT traded up $0.56 on Thursday, hitting $116.15. 293,345 shares of the company traded hands, compared to its average volume of 918,276. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69. 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 stock has a 50 day simple moving average of $115.47 and a 200-day simple moving average of $117.29. The company has a market cap of $12.41 billion, a PE ratio of 77.42, a PEG ratio of 4.41 and a beta of 0.79.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. During the same period last year, the company earned $1.70 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. As a group, research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the firm'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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of the firm'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 transaction, the chief executive officer now directly 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 6,907 shares of company stock valued at $824,860 over the last ninety days. Insiders own 1.80% of the company's stock.

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.