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

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. increased its position in shares of Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock worth $170,000 after acquiring an additional 90 shares in the last quarter. UMB Bank n.a. increased its position in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 98 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock worth $2,102,000 after acquiring an additional 98 shares in the last quarter. First American Bank grew its position in Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock valued at $1,259,000 after purchasing an additional 104 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock valued at $499,000 after purchasing an additional 105 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 289,720 shares of the company's stock, valued at $34,621,540. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the business'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 $13,939,336.24. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,907 shares of company stock worth $824,860. Company insiders own 1.80% of the company's stock.

Camden Property Trust Price Performance

Shares of CPT traded up $2.05 during trading hours on Tuesday, hitting $115.08. The stock had a trading volume of 801,400 shares, compared to its average volume of 921,376. The company's fifty day moving average is $115.64 and its two-hundred day moving average is $117.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 76.72, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $390.57 million for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.70 EPS. On average, analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CPT shares. Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Evercore ISI boosted 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 research report on Monday, February 10th. Stifel Nicolaus boosted their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and increased their price objective for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Finally, Barclays lifted their target price 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. Two 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's stock. Based on data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $129.78.

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.