Snowden Capital Advisors LLC Has $256,000 Stock Position in Camden Property Trust (NYSE:CPT)

Snowden Capital Advisors LLC decreased its stake in Camden Property Trust (NYSE:CPT) by 9.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,188 shares of the real estate investment trust’s stock after selling 230 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Camden Property Trust were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CPT. Norges Bank purchased a new stake in Camden Property Trust in the 4th quarter worth about $187,606,000. Invesco Ltd. lifted its stake in Camden Property Trust by 17.3% in the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after acquiring an additional 438,685 shares in the last quarter. Northern Trust Corp lifted its stake in Camden Property Trust by 33.7% in the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust’s stock worth $164,786,000 after acquiring an additional 357,718 shares in the last quarter. Centersquare Investment Management LLC lifted its stake 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 worth $292,699,000 after acquiring an additional 345,331 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock worth $510,674,000 after acquiring an additional 277,117 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Truist Financial increased their price objective on Camden Property Trust from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Wall Street Zen downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Finally, Evercore ISI raised their price target 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $129.94.

Camden Property Trust Stock Down 1.1%

Shares of CPT stock opened at $114.30 on Friday. The stock’s 50 day simple moving average is $115.90 and its 200 day simple moving average is $117.42. 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 has a twelve month low of $98.35 and a twelve month high of $127.69. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 76.20, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, beating 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 business had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. During the same period last year, the business earned $1.70 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, 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 value of $665,854.00. Following the sale, 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 filing with the SEC, which is available through this link. Also, 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 completion of the sale, the director now directly owns 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,907 shares of company stock valued at $824,860. Corporate insiders own 1.80% of the company’s stock.

Camden Property Trust 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.