Yousif Capital Management LLC Has $1.83 Million Position in Camden Property Trust (NYSE:CPT)

Yousif Capital Management LLC lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,414 shares of the real estate investment trust’s stock after selling 557 shares during the quarter. Yousif Capital Management LLC’s holdings in Camden Property Trust were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CPT. Commonwealth Equity Services LLC boosted its stake in Camden Property Trust by 18.8% during the third quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 366 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Camden Property Trust by 5.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 418 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Camden Property Trust by 3,054.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust’s stock worth $2,670,000 after buying an additional 27,337 shares in the last quarter. Xponance Inc. boosted its stake in Camden Property Trust by 3.3% during the third quarter. Xponance Inc. now owns 14,782 shares of the real estate investment trust’s stock worth $1,398,000 after buying an additional 472 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Camden Property Trust by 9.0% during the third quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust’s stock valued at $8,280,000 after acquiring an additional 7,199 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CPT. Deutsche Bank Aktiengesellschaft began coverage on Camden Property Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $90.00 price objective for the company. Mizuho cut their price objective on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Truist Financial lifted their price objective on Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Piper Sandler reissued an “underweight” rating and set a $90.00 price objective on shares of Camden Property Trust in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group began coverage on Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 price objective for the company. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $104.29.

Camden Property Trust Stock Performance

Shares of NYSE:CPT opened at $98.55 on Thursday. The stock has a market capitalization of $10.73 billion, a P/E ratio of 26.64, a P/E/G ratio of 3.76 and a beta of 0.83. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $97.57 and a two-hundred day moving average price of $95.23.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.74 EPS. Equities analysts predict that Camden Property Trust will post 6.72 earnings per share for the current year.

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 58,634 apartment homes across the United States.