Lighthouse Investment Partners LLC Acquires New Holdings in Camden Property Trust (NYSE:CPT)

Lighthouse Investment Partners LLC acquired a new stake in shares of Camden Property Trust (NYSE:CPT) during the fourth quarter, HoldingsChannel reports. The firm acquired 70,252 shares of the real estate investment trust’s stock, valued at approximately $8,152,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Camden Property Trust by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock worth $2,001,737,000 after acquiring an additional 125,287 shares during the period. Victory Capital Management Inc. grew its holdings in Camden Property Trust by 6.7% during the fourth 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 during the period. Invesco Ltd. grew its holdings in Camden Property Trust by 17.3% during the fourth 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 during the period. Geode Capital Management LLC grew its holdings in Camden Property Trust by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust’s stock worth $326,032,000 after acquiring an additional 76,429 shares during the period. Finally, Centersquare Investment Management LLC grew its holdings in Camden Property Trust by 15.9% during the fourth 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 during the period. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CPT. Citigroup raised Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Evercore ISI lifted 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. Stifel Nicolaus lifted their price target 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. Royal Bank of Canada lifted their price target on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Finally, Barclays lifted their price target on Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $128.08.

Camden Property Trust Stock Up 0.4%

Shares of Camden Property Trust stock opened at $117.95 on Monday. The stock has a market capitalization of $12.60 billion, a P/E ratio of 78.63, a PEG 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 stock has a 50 day moving average price of $116.43 and a two-hundred day moving average price of $117.39. Camden Property Trust has a 12-month low of $98.35 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million during the quarter, compared to analysts’ expectations of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

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 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 sale, the chief executive officer now owns 289,720 shares of the company’s stock, valued at $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

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.