Siemens Fonds Invest GmbH Has $1.34 Million Stake in Camden Property Trust (NYSE:CPT)

Siemens Fonds Invest GmbH raised its stake in Camden Property Trust (NYSE:CPT - Free Report) by 547.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,525 shares of the real estate investment trust's stock after acquiring an additional 9,744 shares during the period. Siemens Fonds Invest GmbH's holdings in Camden Property Trust were worth $1,337,000 as of its most recent SEC filing.

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

Insider Activity

In related news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction that occurred on 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 of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Camden Property Trust Price Performance

CPT opened at $119.83 on Friday. The company has a fifty day moving average price of $116.02 and a two-hundred day moving average price of $117.39. The firm has a market capitalization of $12.80 billion, a PE ratio of 79.89, a P/E/G ratio of 4.41 and a beta of 0.79. 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.

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 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $390.57 million during 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 firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. As a group, analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on CPT shares. Wells Fargo & Company reduced their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Evercore ISI boosted their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Truist Financial raised their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday. Finally, Royal Bank of Canada increased 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 report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $129.83.

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.

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