Camden Property Trust (NYSE:CPT) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in Camden Property Trust (NYSE:CPT - Free Report) by 92.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 0.07% of Camden Property Trust worth $8,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 98 shares during the period. National Pension Service purchased a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $26,000. Quent Capital LLC lifted its position in 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 valued at $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust in the fourth quarter worth approximately $29,000. Finally, Bellwether Advisors LLC purchased a new stake in Camden Property Trust in the fourth quarter worth approximately $31,000. Institutional investors own 97.22% of the company's stock.

Insider Buying and Selling at Camden Property Trust

In other news, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the sale, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value 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. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,907 shares of company stock valued at $824,860. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Trading Down 1.1%

Shares of NYSE CPT traded down $1.33 during trading hours on Wednesday, hitting $117.50. 162,576 shares of the company traded hands, compared to its average volume of 915,172. The company's 50 day moving average price is $116.07 and its 200 day moving average price is $117.45. Camden Property Trust has a 12 month low of $98.35 and a 12 month high of $127.69. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 78.38, 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 (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, topping 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 net margin of 10.58% and a return on equity of 3.35%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. On average, equities research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPT. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Barclays upped 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. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price target for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Stifel Nicolaus increased their price objective on shares of 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, Scotiabank raised their price objective on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Two 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $129.94.

Camden Property Trust Company 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.