Sovereign s Capital Management LLC Makes New $441,000 Investment in Camden Property Trust (NYSE:CPT)

Sovereign s Capital Management LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,803 shares of the real estate investment trust’s stock, valued at approximately $441,000.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. raised its position in 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 purchasing an additional 90 shares in the last quarter. UMB Bank n.a. increased its position 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 purchasing an additional 98 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 purchasing an additional 98 shares during the last quarter. First American Bank raised its holdings in shares of 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 purchasing an additional 104 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after purchasing an additional 105 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Trading Up 1.6%

Shares of CPT opened at $119.83 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $98.35 and a 1-year high of $127.69. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 79.89, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The firm has a 50 day simple moving average of $116.02 and a 200-day simple moving average of $117.40.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. During the same quarter last year, the business posted $1.70 earnings per share. Camden Property Trust’s revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Insider Activity

In other news, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction 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 completion of the sale, the chief executive officer now owns 289,720 shares of the company’s stock, valued at $34,621,540. The trade was 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 at the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank lifted their price target on Camden Property Trust from $135.00 to $144.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. Stifel Nicolaus raised their price target on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. 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. Finally, Royal Bank of Canada increased their target price 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $129.83.

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.