Yousif Capital Management LLC Sells 257 Shares of Camden Property Trust (NYSE:CPT)

Yousif Capital Management LLC decreased its position in shares of Camden Property Trust (NYSE:CPT) by 1.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,570 shares of the real estate investment trust’s stock after selling 257 shares during the period. Yousif Capital Management LLC’s holdings in Camden Property Trust were worth $2,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service purchased a new stake in Camden Property Trust in the fourth quarter worth about $26,000. IAG Wealth Partners LLC bought a new stake in Camden Property Trust in the 4th quarter worth approximately $29,000. Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust during the 4th quarter worth $31,000. Smartleaf Asset Management LLC lifted its stake in shares of Camden Property Trust by 33.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 132 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Camden Property Trust by 220.7% in the 4th quarter. Jones Financial Companies Lllp now owns 558 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 384 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Insider Buying and Selling at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the firm’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 sale, the director now directly owns 117,374 shares of the company’s stock, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $665,854.00. Following the completion of the transaction, the chief executive officer now owns 289,720 shares in the company, valued at $34,621,540. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Stock Down 2.1%

Shares of NYSE:CPT opened at $115.96 on Monday. The stock has a market cap of $12.39 billion, a P/E ratio of 77.31, a P/E/G ratio of 4.41 and a beta of 0.78. The firm has a fifty day moving average price of $115.20 and a 200 day moving average price of $116.77. 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 has a 1-year low of $102.35 and a 1-year high of $127.69.

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 company 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%. Camden Property Trust’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS. Sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPT. Mizuho dropped their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, May 23rd. Wall Street Zen lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Scotiabank decreased their price target on shares of Camden Property Trust from $144.00 to $136.00 and set a “sector perform” rating on the stock in a research note on Friday. Truist Financial set a $131.00 target price on shares of Camden Property Trust and gave the stock a “buy” rating in a research note on Monday, May 19th. Finally, Citigroup raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and an average target price of $129.33.

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.