Camden Property Trust (NYSE:CPT) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its holdings in shares of Camden Property Trust (NYSE:CPT) by 74.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,107 shares of the real estate investment trust’s stock after buying an additional 23,102 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Camden Property Trust were worth $6,279,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CPT. Federated Hermes Inc. lifted its position in Camden Property Trust by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 90 shares during the period. UMB Bank n.a. raised its stake in shares of 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 buying an additional 98 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Camden Property Trust by 0.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust’s stock valued at $2,102,000 after buying an additional 98 shares during the last quarter. First American Bank raised its stake in shares of Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after buying an additional 104 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after buying an additional 105 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Trading Down 2.8%

CPT stock opened at $115.54 on Thursday. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 77.03, a PEG ratio of 4.41 and a beta of 0.79. The business’s 50-day moving average is $116.02 and its 200 day moving average is $117.44. Camden Property Trust has a 12-month low of $98.35 and a 12-month high of $127.69. 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) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating 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 the consensus estimate of $388.47 million. During the same period in the prior year, the company earned $1.70 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Evercore ISI lifted their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Royal Bank of Canada increased 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. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Finally, Truist Financial increased their price target on shares of Camden Property Trust from $129.00 to $131.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $129.94.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the firm’s stock in a transaction that occurred on 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 directly owns 117,374 shares of the company’s stock, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of the firm’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 transaction of $665,854.00. Following the completion of the transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,907 shares of company stock valued at $824,860 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

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.