Governors Lane LP Lowers Stake in Camden Property Trust (NYSE:CPT)

Governors Lane LP reduced its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,600 shares of the real estate investment trust's stock after selling 51,900 shares during the period. Camden Property Trust makes up approximately 0.9% of Governors Lane LP's investment portfolio, making the stock its 25th biggest position. Governors Lane LP owned 0.09% of Camden Property Trust worth $11,326,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. National Pension Service bought a new stake in shares of Camden Property Trust during the 4th quarter worth $26,000. UMB Bank n.a. boosted 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 in the last quarter. Quent Capital LLC boosted its stake in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. IAG Wealth Partners LLC bought a new position in Camden Property Trust in the 4th quarter valued at approximately $29,000. Finally, Bellwether Advisors LLC bought a new position in Camden Property Trust in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total transaction of $665,854.00. Following the transaction, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Price Performance

NYSE CPT traded down $2.23 during trading hours on Tuesday, reaching $116.72. 57,350 shares of the stock traded hands, compared to its average volume of 912,387. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 77.85, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The stock has a 50 day simple moving average of $116.31 and a two-hundred day simple moving average of $117.39. 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 1 year low of $98.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million for the quarter, compared to analysts' expectations of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $1.70 earnings per share. On average, analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Analyst Ratings Changes

CPT has been the subject of several research reports. Barclays increased their price objective 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. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Evercore ISI boosted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company cut their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $128.55.

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.