Camden Property Trust (NYSE:CPT) Holdings Lifted by Starwood Capital Group Management L.L.C.

Starwood Capital Group Management L.L.C. grew its stake in shares of Camden Property Trust (NYSE:CPT) by 125.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 316,179 shares of the real estate investment trust’s stock after acquiring 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 largest position. Starwood Capital Group Management L.L.C.’s holdings in Camden Property Trust were worth $36,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Toronto Dominion Bank increased its position in Camden Property Trust by 8.4% during the 4th quarter. Toronto Dominion Bank now owns 57,073 shares of the real estate investment trust’s stock worth $6,623,000 after purchasing an additional 4,404 shares in the last quarter. Siemens Fonds Invest GmbH increased its position in Camden Property Trust by 547.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 11,525 shares of the real estate investment trust’s stock worth $1,337,000 after purchasing an additional 9,744 shares in the last quarter. Royal Bank of Canada increased its position in Camden Property Trust by 49.6% during the 4th quarter. Royal Bank of Canada now owns 167,807 shares of the real estate investment trust’s stock worth $19,472,000 after purchasing an additional 55,674 shares in the last quarter. Quantinno Capital Management LP increased its position in Camden Property Trust by 92.5% during the 4th quarter. Quantinno Capital Management LP now owns 74,705 shares of the real estate investment trust’s stock worth $8,669,000 after purchasing an additional 35,904 shares in the last quarter. Finally, Mufg Securities Americas Inc. acquired a new stake in Camden Property Trust during the 4th quarter worth approximately $183,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Activity

In related news, CEO Richard J. Campo sold 5,572 shares of the firm’s stock in a transaction on 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 $34,621,540. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Scotiabank increased their target price on shares of Camden Property Trust from $135.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Evercore ISI increased their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Jefferies Financial Group raised shares of 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 research report on Monday, March 10th. Truist Financial increased 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 report on Monday, March 10th. Finally, StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $129.83.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $119.83 on Friday. The stock has a market cap 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 current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $116.02 and a 200-day moving average of $117.39. Camden Property Trust has a 52 week low of $98.35 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04. The company had revenue of $390.57 million during the quarter, compared to analysts’ expectations 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 prior year, the business posted $1.70 EPS. On average, analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal 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.