Stephens Inc. AR lessened its stake in Camden Property Trust (NYSE:CPT) by 0.9% in the 1st quarter, HoldingsChannel reports. The fund owned 18,083 shares of the real estate investment trust’s stock after selling 173 shares during the period. Stephens Inc. AR’s holdings in Camden Property Trust were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group boosted its stake in shares of Camden Property Trust by 71.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 124 shares during the period. Lavaca Capital LLC purchased a new position in Camden Property Trust in the fourth quarter valued at about $27,000. Oregon Public Employees Retirement Fund increased its holdings in Camden Property Trust by 8,705.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,169,926 shares in the last quarter. First Interstate Bank purchased a new position in Camden Property Trust in the fourth quarter valued at about $47,000. Finally, We Are One Seven LLC purchased a new position in Camden Property Trust in the fourth quarter valued at about $62,000. Institutional investors own 91.20% of the company’s stock.
Shares of CPT traded up $0.67 during mid-day trading on Friday, reaching $102.68. 6,671 shares of the company’s stock were exchanged, compared to its average volume of 363,288. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.21 and a quick ratio of 0.21. Camden Property Trust has a 52-week low of $82.60 and a 52-week high of $104.16. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53.
Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.22. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. The business had revenue of $248.57 million during the quarter, compared to analysts’ expectations of $246.50 million. During the same period last year, the company posted $1.15 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Camden Property Trust will post 5.06 earnings per share for the current fiscal year.
A number of brokerages have issued reports on CPT. KeyCorp increased their target price on shares of Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Zacks Investment Research raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 target price on shares of Camden Property Trust in a report on Thursday, January 31st. Barclays raised shares of Camden Property Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $87.00 to $106.00 in a report on Monday, February 4th. Finally, Citigroup set a $100.00 target price on shares of Camden Property Trust and gave the company a “hold” rating in a report on Tuesday, February 5th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Camden Property Trust presently has an average rating of “Buy” and an average target price of $99.94.
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About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.
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