Worldquant Millennium Advisors LLC Increases Holdings in Camden Property Trust (NYSE:CPT)

Worldquant Millennium Advisors LLC boosted its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 74.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,107 shares of the real estate investment trust's stock after acquiring an additional 23,102 shares during the quarter. Worldquant Millennium Advisors LLC owned about 0.05% of Camden Property Trust worth $6,279,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CPT. UMB Bank n.a. lifted its stake in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 98 shares during the last quarter. National Pension Service bought a new stake in Camden Property Trust in the fourth quarter worth $26,000. Quent Capital LLC lifted its position in Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after buying an additional 114 shares during the last quarter. IAG Wealth Partners LLC bought a new stake in Camden Property Trust in the fourth quarter worth $29,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Camden Property Trust in the fourth quarter valued at $31,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Price Performance

CPT opened at $115.54 on Thursday. Camden Property Trust has a 12-month low of $98.35 and a 12-month high of $127.69. The business's fifty day simple moving average is $116.02 and its 200-day simple moving average is $117.44. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 77.03, a PEG ratio of 4.41 and a beta of 0.79. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

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

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the transaction, the director now directly owns 117,374 shares in the company, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction 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. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,907 shares of company stock valued at $824,860. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CPT has been the topic of several recent analyst reports. Scotiabank increased their target price on shares of Camden Property Trust from $135.00 to $144.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Truist Financial boosted their target price on Camden Property Trust from $129.00 to $131.00 and gave the company a "buy" rating in a research report on Monday. Barclays boosted their target price on Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Finally, Royal Bank of Canada raised their price target 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Camden Property Trust has a consensus rating of "Hold" and a consensus price target of $129.94.

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.

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