Sovereign s Capital Management LLC Takes Position in Camden Property Trust (NYSE:CPT)

Sovereign s Capital Management LLC acquired a new stake in Camden Property Trust (NYSE:CPT) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,803 shares of the real estate investment trust’s stock, valued at approximately $441,000.

A number of other institutional investors have also modified their holdings of the company. Barclays PLC lifted its stake in shares of Camden Property Trust by 45.4% during the third quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust’s stock worth $50,371,000 after purchasing an additional 127,358 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Camden Property Trust by 8.2% during the 4th quarter. Park Avenue Securities LLC now owns 4,501 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 340 shares during the period. Arkadios Wealth Advisors acquired a new position in Camden Property Trust during the 4th quarter worth approximately $252,000. Kera Capital Partners Inc. purchased a new position in Camden Property Trust in the 4th quarter worth approximately $228,000. Finally, UMB Bank n.a. grew its position in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Activity

In related news, CEO Richard J. Campo sold 5,572 shares of the company’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CPT shares. Wells Fargo & Company reduced their target price on shares of 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. Stifel Nicolaus raised their target price 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. Barclays lifted their target price on Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Finally, Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $129.83.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $119.83 on Monday. 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 company has a market capitalization 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. Camden Property Trust has a twelve month low of $98.35 and a twelve month high of $127.69. The business 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 data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.70 earnings per share. As a group, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

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.