Mufg Securities Americas Inc. Buys New Holdings in Camden Property Trust (NYSE:CPT)

Mufg Securities Americas Inc. bought a new stake in Camden Property Trust (NYSE:CPT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,575 shares of the real estate investment trust’s stock, valued at approximately $183,000.

Several other hedge funds have also recently bought and sold shares of CPT. Barclays PLC raised its stake in Camden Property Trust by 45.4% during the third quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust’s stock worth $50,371,000 after acquiring an additional 127,358 shares in the last quarter. Park Avenue Securities LLC raised its stake in Camden Property Trust by 8.2% during the fourth quarter. Park Avenue Securities LLC now owns 4,501 shares of the real estate investment trust’s stock worth $522,000 after acquiring an additional 340 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Camden Property Trust during the fourth quarter worth $252,000. Kera Capital Partners Inc. acquired a new position in Camden Property Trust during the fourth quarter worth $228,000. Finally, UMB Bank n.a. raised its stake in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 98 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CPT. Stifel Nicolaus increased their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Barclays increased their target price on Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Truist Financial increased their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Finally, Evercore ISI increased their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $129.83.

Insider Activity at Camden Property Trust

In related news, 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 transaction of $665,854.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $119.83 on Friday. The business’s fifty 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 P/E ratio of 79.89, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 12 month low of $98.35 and a 12 month high of $127.69. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

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 (EPS) for the quarter, beating 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 return on equity of 3.35% and a net margin of 10.58%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. As a group, analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

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.