Voloridge Investment Management LLC Cuts Stock Position in Camden Property Trust (NYSE:CPT)

Voloridge Investment Management LLC lessened its stake in Camden Property Trust (NYSE:CPT - Free Report) by 97.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,770 shares of the real estate investment trust's stock after selling 208,787 shares during the period. Voloridge Investment Management LLC's holdings in Camden Property Trust were worth $670,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CPT. National Pension Service purchased a new position in shares of Camden Property Trust during the fourth quarter worth $26,000. Quent Capital LLC lifted its position in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $31,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Camden Property Trust by 33.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Insider Transactions at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the firm'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 owns 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the 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 completion of the sale, the chief executive officer now directly owns 289,720 shares of the company's stock, 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. Over the last 90 days, 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 Stock Up 0.4%

CPT stock traded up $0.43 during midday trading on Friday, reaching $117.34. 1,314,352 shares of the company were exchanged, compared to its average volume of 919,965. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 78.23, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The stock's 50-day simple moving average is $115.29 and its 200 day simple moving average is $117.19.

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

Analyst Ratings Changes

A number of research firms have issued reports on CPT. Royal Bank of Canada increased their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a report on Monday, February 10th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Truist Financial set a $131.00 price objective on Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. Stifel Nicolaus boosted their target price on 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, Mizuho reduced their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $129.78.

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.