Camden Property Trust (NYSE:CPT) Stake Lessened by 1832 Asset Management L.P.

1832 Asset Management L.P. lowered its holdings in Camden Property Trust (NYSE:CPTFree Report) by 44.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 144,921 shares of the real estate investment trust’s stock after selling 115,100 shares during the period. 1832 Asset Management L.P.’s holdings in Camden Property Trust were worth $14,389,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Camden Property Trust during the fourth quarter worth $376,933,000. Centersquare Investment Management LLC raised its holdings in shares of Camden Property Trust by 2,517.6% during the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after acquiring an additional 1,344,923 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Camden Property Trust by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after acquiring an additional 1,187,974 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Camden Property Trust by 111.4% during the fourth quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock worth $56,988,000 after acquiring an additional 302,439 shares in the last quarter. Finally, MBB Public Markets I LLC raised its holdings in shares of Camden Property Trust by 201.2% during the third quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock worth $22,228,000 after acquiring an additional 156,985 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CPT shares. The Goldman Sachs Group started 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. Mizuho cut their price objective on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Scotiabank increased their price objective on Camden Property Trust from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Royal Bank of Canada raised their target price on Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Truist Financial raised their target price on Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $108.03.

View Our Latest Research Report on CPT

Camden Property Trust Trading Down 0.2 %

Shares of NYSE:CPT opened at $106.98 on Friday. The company has a market cap of $11.40 billion, a P/E ratio of 26.22, a P/E/G ratio of 4.20 and a beta of 0.86. The stock’s 50-day moving average is $101.61 and its 200-day moving average is $97.97. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43.

Camden Property Trust Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPTFree Report).

Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.