Camden Property Trust (NYSE:CPT) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,992 shares of the real estate investment trust’s stock after selling 7,294 shares during the period. Reinhart Partners LLC. owned about 0.08% of Camden Property Trust worth $10,272,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ABC Arbitrage SA acquired a new stake in shares of Camden Property Trust during the fourth quarter valued at about $821,000. Smartleaf Asset Management LLC grew its stake in shares of Camden Property Trust by 33.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 132 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Camden Property Trust during the fourth quarter valued at about $621,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Camden Property Trust by 13.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,383 shares of the real estate investment trust’s stock valued at $3,990,000 after acquiring an additional 3,976 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust’s stock valued at $164,786,000 after acquiring an additional 357,718 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays raised their target price on Camden Property Trust from $127.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Mizuho lowered their target price on Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, May 23rd. Wall Street Zen downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Finally, Truist Financial set a $131.00 price target on Camden Property Trust and gave the stock a “buy” rating in a research note on Monday, May 19th. 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, Camden Property Trust has a consensus rating of “Hold” and an average price target of $129.78.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $115.89 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’s 50-day moving average price is $114.78 and its two-hundred day moving average price is $117.10. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69. The stock has a market capitalization of $12.38 billion, a P/E ratio of 77.26, a P/E/G ratio of 4.41 and a beta of 0.78.

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, topping 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 quarter last year, the company posted $1.70 earnings per share. Camden Property Trust’s revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Insiders Place Their Bets

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the transaction, the director now owns 117,374 shares of the company’s stock, valued at $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard J. Campo sold 5,572 shares of the firm’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. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,907 shares of company stock valued at $824,860 over the last quarter. Insiders own 1.80% of the company’s stock.

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.