The Manufacturers Life Insurance Company Has $11.48 Million Position in Camden Property Trust (NYSE:CPT)

The Manufacturers Life Insurance Company trimmed its position in Camden Property Trust (NYSE:CPT - Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,902 shares of the real estate investment trust's stock after selling 8,459 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Camden Property Trust worth $11,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after acquiring an additional 12,805 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Camden Property Trust by 10.5% during the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after buying an additional 51,097 shares during the period. Franklin Resources Inc. grew its holdings in Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock valued at $23,174,000 after purchasing an additional 5,985 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Camden Property Trust by 7.7% in the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock worth $271,000 after buying an additional 166 shares during the period. Finally, ABC Arbitrage SA purchased a new stake in Camden Property Trust in the fourth quarter worth $821,000. 97.22% of the stock is currently owned by institutional investors.

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 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 completion of 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 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 Trading Down 1.3 %

Shares of CPT traded down $1.59 during mid-day trading on Thursday, hitting $117.40. The company had a trading volume of 1,418,701 shares, compared to its average volume of 916,008. The stock has a market cap of $12.77 billion, a PE ratio of 78.27, a P/E/G ratio of 4.41 and a beta of 0.79. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The business's 50-day simple moving average is $116.53 and its 200-day simple moving average is $117.44. 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 issued its earnings results 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 business had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 EPS. Sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CPT shares. Truist Financial boosted their price target on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. Scotiabank raised their price objective on Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Royal Bank of Canada raised their price target 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. Barclays reduced their price target on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. 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 research note on Friday, February 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $127.61.

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.