Bank Julius Baer & Co. Ltd Zurich decreased its holdings in shares of Camden Property Trust (NYSE:CPT) by 35.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,528 shares of the real estate investment trust’s stock after selling 7,575 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Camden Property Trust were worth $1,204,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cornerstone Advisors Inc. boosted its position in Camden Property Trust by 166.1% in the second quarter. Cornerstone Advisors Inc. now owns 439 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 274 shares during the last quarter. Telos Capital Management Inc. boosted its position in Camden Property Trust by 4.1% in the second quarter. Telos Capital Management Inc. now owns 7,526 shares of the real estate investment trust’s stock valued at $687,000 after buying an additional 298 shares during the last quarter. Profund Advisors LLC boosted its position in Camden Property Trust by 6.7% in the second quarter. Profund Advisors LLC now owns 5,620 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 354 shares during the last quarter. NuWave Investment Management LLC purchased a new stake in Camden Property Trust in the third quarter valued at approximately $34,000. Finally, Arizona State Retirement System boosted its position in Camden Property Trust by 1.7% in the second quarter. Arizona State Retirement System now owns 22,671 shares of the real estate investment trust’s stock valued at $2,068,000 after buying an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.
A number of equities research analysts recently commented on CPT shares. Mizuho lowered Camden Property Trust from a “buy” rating to a “neutral” rating and upped their target price for the company from $97.00 to $103.00 in a research report on Tuesday, November 10th. KeyCorp decreased their price target on Camden Property Trust from $122.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Piper Sandler boosted their price target on Camden Property Trust from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. Wells Fargo & Company began coverage on Camden Property Trust in a report on Tuesday, October 20th. They issued an “overweight” rating and a $104.00 price target for the company. Finally, Zacks Investment Research raised Camden Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $103.14.
NYSE CPT opened at $99.70 on Friday. The business has a fifty day moving average price of $95.27 and a 200 day moving average price of $91.67. Camden Property Trust has a one year low of $62.48 and a one year high of $120.73. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.27 and a current ratio of 2.27. The company has a market cap of $9.71 billion, a P/E ratio of 52.47, a P/E/G ratio of 4.71 and a beta of 0.73.
Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.83). The company had revenue of $265.72 million during the quarter, compared to analysts’ expectations of $258.82 million. Camden Property Trust had a net margin of 18.14% and a return on equity of 5.22%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. As a group, sell-side analysts predict that Camden Property Trust will post 4.94 EPS for the current fiscal year.
In other Camden Property Trust news, Director Heather J. Brunner sold 407 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $107.71, for a total value of $43,837.97. Following the completion of the sale, the director now directly owns 8,859 shares in the company, valued at approximately $954,202.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William W. Sengelmann sold 13,440 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $101.97, for a total value of $1,370,476.80. Following the completion of the sale, the executive vice president now owns 75,904 shares of the company’s stock, valued at $7,739,930.88. The disclosure for this sale can be found here. 3.20% of the stock is owned by corporate insiders.
About Camden Property Trust
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 164 properties containing 56,112 apartment homes across the United States.
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