Camden Property Trust (NYSE:CPT) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lifted its position in Camden Property Trust (NYSE:CPT - Free Report) by 547.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,525 shares of the real estate investment trust's stock after acquiring an additional 9,744 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Camden Property Trust were worth $1,337,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CPT. Barclays PLC lifted its stake in Camden Property Trust by 45.4% in the third quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust's stock worth $50,371,000 after purchasing an additional 127,358 shares during the last quarter. Czech National Bank raised its holdings in shares of Camden Property Trust by 6.5% in the fourth quarter. Czech National Bank now owns 23,131 shares of the real estate investment trust's stock worth $2,684,000 after buying an additional 1,409 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Camden Property Trust by 8.2% in the fourth quarter. Park Avenue Securities LLC now owns 4,501 shares of the real estate investment trust's stock worth $522,000 after buying an additional 340 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of Camden Property Trust during the fourth quarter worth $252,000. Finally, Kera Capital Partners Inc. purchased a new position in Camden Property Trust in the 4th quarter worth about $228,000. Institutional investors own 97.22% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on CPT. Barclays upped their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Scotiabank upped their price target on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price objective for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Royal Bank of Canada boosted their price objective on shares of 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. Finally, Stifel Nicolaus upped their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Two investment 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.94.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now directly owns 289,720 shares of the company's stock, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Webster sold 1,200 shares of Camden Property Trust 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 transaction, the director now owns 117,374 shares of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,907 shares of company stock valued at $824,860. 1.80% of the stock is owned by insiders.

Camden Property Trust Stock Performance

CPT stock traded down $1.54 during midday trading on Thursday, reaching $113.99. The stock had a trading volume of 483,289 shares, compared to its average volume of 998,259. The firm has a fifty day simple moving average of $116.02 and a two-hundred day simple moving average of $117.44. Camden Property Trust has a 52-week low of $98.35 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a market cap of $12.18 billion, a PE ratio of 75.99, a P/E/G 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 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 analysts' expectations of $388.47 million. During the same period last year, the business posted $1.70 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

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.