First Sabrepoint Capital Management LP Sells 15,000 Shares of Camden Property Trust (NYSE:CPT)

First Sabrepoint Capital Management LP cut its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,000 shares of the real estate investment trust's stock after selling 15,000 shares during the period. Camden Property Trust makes up about 2.0% of First Sabrepoint Capital Management LP's holdings, making the stock its 18th biggest position. First Sabrepoint Capital Management LP owned 0.06% of Camden Property Trust worth $7,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 worth $2,001,737,000 after acquiring an additional 125,287 shares in the last quarter. Victory Capital Management Inc. boosted its stake 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 worth $510,674,000 after acquiring an additional 277,117 shares in the last quarter. Invesco Ltd. boosted its stake 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 worth $344,432,000 after acquiring an additional 438,685 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $326,032,000 after acquiring an additional 76,429 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its stake 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 worth $292,699,000 after acquiring an additional 345,331 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust 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 in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CPT has been the subject of several recent analyst reports. StockNews.com upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Thursday. Stifel Nicolaus increased their target price 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. Wells Fargo & Company cut their price target on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Barclays raised their price objective on Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus price target of $128.08.

Camden Property Trust Trading Up 0.4%

NYSE:CPT traded up $0.46 during trading hours on Friday, hitting $117.95. 763,524 shares of the company were exchanged, compared to its average volume of 917,143. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 78.63, a price-to-earnings-growth 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 has a one year low of $98.35 and a one year high of $127.69. The company has a fifty day simple moving average of $116.43 and a 200 day simple moving average of $117.39.

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, topping analysts' consensus estimates 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 business posted $1.70 EPS. The business's revenue was up 2.0% compared to the same quarter last year. Sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

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.