Camden Property Trust (NYSE:CPT) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,796 shares of the real estate investment trust’s stock after selling 304 shares during the period. Cetera Investment Advisers’ holdings in Camden Property Trust were worth $905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its holdings 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 purchasing an additional 98 shares during the period. National Pension Service acquired a new stake in Camden Property Trust in the fourth quarter valued at $26,000. Quent Capital LLC raised its holdings 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 in the last quarter. IAG Wealth Partners LLC bought a new stake in Camden Property Trust during the fourth quarter valued at $29,000. Finally, Bellwether Advisors LLC bought a new stake in Camden Property Trust during the fourth quarter valued at $31,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPT has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Evercore ISI upped their price objective 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. Wall Street Zen downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Saturday. Barclays increased their price objective on Camden Property Trust from $127.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Stifel Nicolaus increased their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $129.78.

Insiders Place Their Bets

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the sale, the chief executive officer now owns 289,720 shares in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Webster sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director now owns 117,374 shares in the company, valued at $13,939,336.24. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,907 shares of company stock worth $824,860. Insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $113.13 on Friday. Camden Property Trust has a 52-week low of $98.35 and a 52-week high of $127.69. The firm has a market capitalization of $12.09 billion, a P/E ratio of 75.42, a P/E/G 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. The stock has a fifty day moving average price of $115.77 and a two-hundred day moving average price of $117.39.

Camden Property Trust (NYSE:CPT) last announced 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 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 company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $1.70 earnings per share. As a group, analysts anticipate that Camden Property Trust will post 6.76 EPS 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.