Los Angeles Capital Management LLC Sells 39,178 Shares of Camden Property Trust (NYSE:CPT)

Los Angeles Capital Management LLC lowered its position in Camden Property Trust (NYSE:CPT) by 64.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,076 shares of the real estate investment trust’s stock after selling 39,178 shares during the period. Los Angeles Capital Management LLC’s holdings in Camden Property Trust were worth $2,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cooper Financial Group boosted its position in Camden Property Trust by 3.3% in the fourth quarter. Cooper Financial Group now owns 4,295 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 139 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Camden Property Trust by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 46,919 shares of the real estate investment trust’s stock valued at $4,438,000 after acquiring an additional 170 shares during the period. New Mexico Educational Retirement Board boosted its holdings in shares of Camden Property Trust by 3.7% in the third quarter. New Mexico Educational Retirement Board now owns 5,600 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 200 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Camden Property Trust by 0.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,712 shares of the real estate investment trust’s stock valued at $2,526,000 after purchasing an additional 205 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Up 0.9 %

NYSE CPT opened at $105.98 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 0.43. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The stock has a market cap of $11.54 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82. The stock has a 50 day simple moving average of $98.16 and a two-hundred day simple moving average of $95.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft began coverage on Camden Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price for the company. Wedbush raised their price target on Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Monday. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price objective on the stock. Finally, Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.06.

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.