Quantinno Capital Management LP Buys 35,904 Shares of Camden Property Trust (NYSE:CPT)

Quantinno Capital Management LP increased its stake in Camden Property Trust (NYSE:CPT - Free Report) by 92.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,705 shares of the real estate investment trust's stock after purchasing an additional 35,904 shares during the quarter. Quantinno Capital Management LP owned approximately 0.07% of Camden Property Trust worth $8,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CPT. Atomi Financial Group Inc. raised its holdings in Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 166 shares during the period. ABC Arbitrage SA bought a new stake in Camden Property Trust during the 4th quarter valued at approximately $821,000. Vanderbilt University lifted its holdings in Camden Property Trust by 52.7% in the 4th quarter. Vanderbilt University now owns 7,591 shares of the real estate investment trust's stock worth $881,000 after purchasing an additional 2,619 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Camden Property Trust by 33.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 132 shares during the period. Finally, Arkadios Wealth Advisors bought a new position in Camden Property Trust in the 4th quarter worth approximately $252,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 0.2%

Shares of Camden Property Trust stock traded down $0.21 during trading on Tuesday, hitting $118.85. The stock had a trading volume of 574,905 shares, compared to its average volume of 1,008,739. Camden Property Trust has a 12 month low of $98.35 and a 12 month high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm's fifty day simple moving average is $116.03 and its 200-day simple moving average is $117.44. The stock has a market cap of $12.70 billion, a PE ratio of 79.23, a PEG ratio of 4.41 and a beta of 0.79.

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, 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 business had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. During the same quarter last year, the firm earned $1.70 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director now directly owns 117,374 shares in the company, valued at $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,907 shares of company stock valued at $824,860. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CPT. Truist Financial boosted their target price on shares of Camden Property Trust from $129.00 to $131.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company decreased 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 note on Friday, January 24th. Barclays raised their price objective 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 lifted their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Royal Bank of Canada increased their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.