Camden Property Trust (NYSE:CPT) is Starwood Capital Group Management L.L.C.’s Largest Position

Starwood Capital Group Management L.L.C. lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 125.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 316,179 shares of the real estate investment trust’s stock after buying an additional 176,000 shares during the quarter. Camden Property Trust comprises about 22.4% of Starwood Capital Group Management L.L.C.’s holdings, making the stock its biggest holding. Starwood Capital Group Management L.L.C. owned 0.30% of Camden Property Trust worth $36,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Federated Hermes Inc. increased its holdings in shares of Camden Property Trust by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 90 shares during the period. UMB Bank n.a. increased its holdings in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Camden Property Trust by 0.5% in 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 period. First American Bank increased its stake in Camden Property Trust by 1.0% in 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 period. Finally, Fisher Asset Management LLC increased its stake in Camden Property Trust by 2.5% in 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 period. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Barclays boosted their price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Royal Bank of Canada boosted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note 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. Finally, Stifel Nicolaus boosted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $129.83.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $119.83 on Friday. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69. 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 firm’s 50-day simple moving average is $116.02 and its 200 day simple moving average is $117.39. The firm has a market capitalization of $12.80 billion, a PE ratio of 79.89, a P/E/G ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The business had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. During the same period in the previous year, the firm earned $1.70 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 5,572 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now directly owns 289,720 shares in the company, valued at $34,621,540. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

About Camden Property Trust

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.