Quantinno Capital Management LP Increases Stake in Camden Property Trust (NYSE:CPT)

Quantinno Capital Management LP grew its stake in Camden Property Trust (NYSE:CPTFree Report) by 92.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,705 shares of the real estate investment trust’s stock after buying an additional 35,904 shares during the quarter. Quantinno Capital Management LP owned 0.07% of Camden Property Trust worth $8,669,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CPT. Barclays PLC boosted its stake in shares of Camden Property Trust by 45.4% in the 3rd quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust’s stock valued at $50,371,000 after buying an additional 127,358 shares during the period. Czech National Bank lifted its stake in Camden Property Trust by 6.5% during the fourth quarter. Czech National Bank now owns 23,131 shares of the real estate investment trust’s stock worth $2,684,000 after purchasing an additional 1,409 shares during the last quarter. Park Avenue Securities LLC lifted 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 purchasing an additional 340 shares during the last quarter. ERn Financial LLC lifted its stake in Camden Property Trust by 4.2% during the fourth quarter. ERn Financial LLC now owns 6,456 shares of the real estate investment trust’s stock worth $749,000 after purchasing an additional 263 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in Camden Property Trust during the fourth quarter worth approximately $252,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,572 shares of the 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 transaction, the chief executive officer now directly owns 289,720 shares in the company, valued at approximately $34,621,540. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup upgraded 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 research note on Friday, March 28th. Evercore ISI boosted their target price 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. Wells Fargo & Company cut their price target on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Scotiabank boosted their price objective on Camden Property Trust from $135.00 to $144.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Stifel Nicolaus boosted their price objective on 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 equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $129.83.

Read Our Latest Analysis on CPT

Camden Property Trust Stock Up 1.8%

CPT opened at $117.84 on Friday. 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 has a market cap of $12.59 billion, a P/E ratio of 78.56, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69. The business’s fifty day simple moving average is $116.03 and its 200 day simple moving average is $117.37.

Camden Property Trust (NYSE:CPTGet Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The business 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 for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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