Camden Property Trust (NYSE:CPT) Stake Decreased by Reinhart Partners LLC.

Reinhart Partners LLC. lessened its holdings in shares of Camden Property Trust (NYSE:CPT) by 8.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 83,992 shares of the real estate investment trust’s stock after selling 7,294 shares during the quarter. Reinhart Partners LLC.’s holdings in Camden Property Trust were worth $10,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CPT. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Camden Property Trust by 14.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,581 shares of the real estate investment trust’s stock valued at $2,024,000 after buying an additional 2,165 shares during the last quarter. Choreo LLC bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $202,000. State of Alaska Department of Revenue raised its holdings in shares of Camden Property Trust by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 62,084 shares of the real estate investment trust’s stock valued at $7,202,000 after buying an additional 232 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Camden Property Trust by 2.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 297,519 shares of the real estate investment trust’s stock valued at $34,524,000 after buying an additional 6,550 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Camden Property Trust by 13.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,383 shares of the real estate investment trust’s stock valued at $3,990,000 after buying an additional 3,976 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Insiders Place Their Bets

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust 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 owns 117,374 shares in the company, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust 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 owns 289,720 shares in the company, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,907 shares of company stock worth $824,860. 1.80% of the stock is owned by insiders.

Camden Property Trust Trading Up 0.1%

Camden Property Trust stock opened at $115.89 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 77.26, a price-to-earnings-growth ratio of 4.41 and a beta of 0.78. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The firm’s 50 day moving average price is $114.78 and its two-hundred day moving average price is $117.10.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm 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 firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 earnings per share. On average, research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CPT shares. Citigroup raised Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Royal Bank of Canada boosted their target price on 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 Camden Property Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Mizuho dropped their target price on Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, May 23rd. Finally, Truist Financial set a $131.00 target price on Camden Property Trust and gave the stock a “buy” rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.78.

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.