Charles Schwab Investment Management Inc. Has $178.12 Million Position in Camden Property Trust (NYSE:CPT)

Charles Schwab Investment Management Inc. lifted its stake in Camden Property Trust (NYSE:CPT – Get Rating) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 996,850 shares of the real estate investment trust’s stock after buying an additional 33,090 shares during the period. Charles Schwab Investment Management Inc. owned about 0.98% of Camden Property Trust worth $178,117,000 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 stock. Legacy Wealth Asset Management LLC lifted its stake in shares of Camden Property Trust by 2.8% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 3,403 shares of the real estate investment trust’s stock valued at $608,000 after buying an additional 94 shares during the period. Guardian Capital LP bought a new stake in shares of Camden Property Trust in the fourth quarter valued at about $227,000. Rhumbline Advisers lifted its stake in shares of Camden Property Trust by 1.7% in the fourth quarter. Rhumbline Advisers now owns 277,594 shares of the real estate investment trust’s stock valued at $49,600,000 after buying an additional 4,742 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Camden Property Trust in the fourth quarter valued at about $3,100,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Camden Property Trust by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,587,441 shares of the real estate investment trust’s stock valued at $641,006,000 after buying an additional 133,984 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.

NYSE:CPT opened at $138.64 on Friday. Camden Property Trust has a 1 year low of $122.26 and a 1 year high of $180.37. The firm has a 50 day moving average of $159.91 and a 200-day moving average of $164.51. The company has a current ratio of 5.55, a quick ratio of 5.55 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $14.77 billion, a P/E ratio of 41.14, a price-to-earnings-growth ratio of 3.51 and a beta of 0.77.

Camden Property Trust (NYSE:CPT – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($1.07). Camden Property Trust had a return on equity of 8.67% and a net margin of 29.75%. The company had revenue of $311.36 million during the quarter, compared to the consensus estimate of $308.90 million. During the same quarter last year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, analysts forecast that Camden Property Trust will post 6.48 EPS for the current fiscal year.

In related news, Director Heather J. Brunner sold 883 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $164.75, for a total value of $145,474.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

A number of research analysts have commented on the stock. Mizuho cut their price target on shares of Camden Property Trust from $179.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, February 16th. Scotiabank cut their price target on shares of Camden Property Trust from $179.00 to $171.00 in a research note on Thursday. Piper Sandler cut their price target on shares of Camden Property Trust from $195.00 to $180.00 in a research note on Wednesday, May 4th. Barclays cut their price target on shares of Camden Property Trust from $193.00 to $174.00 in a research note on Tuesday, May 10th. Finally, TheStreet upgraded shares of Camden Property Trust from a “c+” rating to a “b” rating in a research note on Thursday, February 3rd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $170.53.

About Camden Property Trust (Get Rating)

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 167 properties containing 56,850 apartment homes across the United States.

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