Richard J. Campo Sells 5,572 Shares of Camden Property Trust (NYSE:CPT) Stock

Camden Property Trust (NYSE:CPT) CEO Richard J. Campo sold 5,572 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now owns 289,720 shares in the company, valued at approximately $34,621,540. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $117.95 on Friday. The business has a 50-day simple moving average of $116.43 and a 200 day simple moving average of $117.41. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 78.63, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. During the same period in the prior year, the firm earned $1.70 earnings per share. Camden Property Trust’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CPT. Norges Bank bought a new position in Camden Property Trust in the 4th quarter valued at about $187,606,000. Invesco Ltd. lifted its holdings in shares of Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock valued at $344,432,000 after purchasing an additional 438,685 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Camden Property Trust by 12,973.9% during the first quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust’s stock valued at $49,359,000 after buying an additional 400,503 shares during the last quarter. Northern Trust Corp grew its holdings in Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust’s stock worth $164,786,000 after buying an additional 357,718 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its position in Camden Property Trust by 15.9% in the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust’s stock valued at $292,699,000 after buying an additional 345,331 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CPT. Royal Bank of Canada boosted their target price 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. Truist Financial boosted their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Barclays raised their target price on Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup raised Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $128.08.

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.