Focus Partners Wealth Invests $859,000 in Camden Property Trust (NYSE:CPT)

Focus Partners Wealth acquired a new position in shares of Camden Property Trust (NYSE:CPT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,398 shares of the real estate investment trust’s stock, valued at approximately $859,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares during the period. National Pension Service bought a new stake in Camden Property Trust in the fourth quarter valued at about $26,000. Quent Capital LLC increased its stake in Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC bought a new stake in Camden Property Trust in the fourth quarter valued at about $29,000. Finally, Bellwether Advisors LLC bought a new stake in Camden Property Trust in the fourth quarter valued at about $31,000. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the transaction, the chief executive officer now directly owns 289,720 shares of the company’s stock, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CPT. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday. Royal Bank of Canada upped their target price 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. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Evercore ISI upped their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Finally, Truist Financial upped their target price 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. Two investment 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. Based on data from MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus target price of $129.83.

Camden Property Trust Price Performance

CPT opened at $119.83 on Monday. The company’s 50 day simple moving average is $116.02 and its 200-day simple moving average is $117.40. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The stock 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. 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 (NYSE:CPT) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $390.57 million for the quarter, compared to analysts’ expectations of $388.47 million. During the same period last year, the firm earned $1.70 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

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.