Camden Property Trust (NYSE:CPT) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC grew its holdings in Camden Property Trust (NYSE:CPT) by 73.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,347 shares of the real estate investment trust’s stock after purchasing an additional 12,898 shares during the quarter. New York Life Investment Management LLC’s holdings in Camden Property Trust were worth $3,013,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

CPT has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Camden Property Trust in a research report on Monday, April 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $103.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Barclays cut Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group began coverage on shares of Camden Property Trust in a research note on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.29.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $105.08 on Monday. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 3.94 and a beta of 0.82. The company has a 50-day simple moving average of $97.89 and a 200-day simple moving average of $95.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.92% and a net margin of 28.78%. The firm had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that Camden Property Trust will post 6.72 EPS 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.