HRT Financial LP Raises Stock Holdings in Camden Property Trust (NYSE:CPT)

HRT Financial LP increased its position in Camden Property Trust (NYSE:CPT – Get Rating) by 168.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,673 shares of the real estate investment trust’s stock after purchasing an additional 18,009 shares during the period. HRT Financial LP’s holdings in Camden Property Trust were worth $3,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Phocas Financial Corp. purchased a new stake in shares of Camden Property Trust in the fourth quarter worth $39,000. EverSource Wealth Advisors LLC increased its stake in Camden Property Trust by 3,564.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 499 shares in the last quarter. Signaturefd LLC increased its stake in Camden Property Trust by 25.5% during the 4th quarter. Signaturefd LLC now owns 571 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 116 shares in the last quarter. Spire Wealth Management increased its stake in Camden Property Trust by 110.3% during the 4th quarter. Spire Wealth Management now owns 631 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 331 shares in the last quarter. Finally, Tobam increased its stake in Camden Property Trust by 61.6% during the 4th quarter. Tobam now owns 916 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 349 shares in the last quarter. 93.25% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

CPT opened at $102.94 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.75. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 5.51 and a beta of 0.79. The company’s 50 day moving average is $105.56 and its 200 day moving average is $112.18. Camden Property Trust has a 12-month low of $97.74 and a 12-month high of $147.71.

Insider Buying and Selling

In other Camden Property Trust news, CEO Richard J. Campo sold 5,337 shares of Camden Property Trust stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $110.35, for a total transaction of $588,937.95. Following the transaction, the chief executive officer now owns 246,799 shares of the company’s stock, valued at $27,234,269.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on CPT shares. Bank of America lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $132.00 to $121.00 in a research note on Monday, May 15th. 1-800-FLOWERS.COM restated a “maintains” rating on shares of Camden Property Trust in a research note on Friday, April 28th. Stifel Nicolaus reduced their price objective on shares of Camden Property Trust from $143.00 to $130.00 in a research note on Friday, April 28th. Wells Fargo & Company began coverage on shares of Camden Property Trust in a research note on Wednesday, March 29th. They set an “underweight” rating and a $102.00 price objective for the company. Finally, Truist Financial reduced their price target on shares of Camden Property Trust from $131.00 to $127.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $128.86.

Camden Property Trust Company Profile

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Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.