Daiwa Securities Group Inc. cut its holdings in Camden Property Trust (NYSE:CPT – Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,765 shares of the real estate investment trust’s stock after selling 6,602 shares during the quarter. Daiwa Securities Group Inc. owned about 0.05% of Camden Property Trust worth $6,249,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPT. Norges Bank bought a new position in Camden Property Trust in the fourth quarter valued at approximately $154,587,000. Viking Global Investors LP boosted its stake in Camden Property Trust by 41.6% in the third quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock valued at $410,755,000 after acquiring an additional 1,130,718 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Camden Property Trust by 64.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock valued at $232,698,000 after acquiring an additional 825,769 shares during the last quarter. UBS Group AG boosted its stake in Camden Property Trust by 94.2% in the fourth quarter. UBS Group AG now owns 1,137,805 shares of the real estate investment trust’s stock valued at $125,250,000 after acquiring an additional 551,850 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Camden Property Trust by 22.2% in the third quarter. Northern Trust Corp now owns 1,737,819 shares of the real estate investment trust’s stock valued at $185,564,000 after acquiring an additional 315,244 shares during the last quarter. 97.22% of the stock is owned by institutional investors.
Camden Property Trust Trading Down 0.0%
Shares of NYSE CPT opened at $112.57 on Monday. The company’s fifty day moving average is $103.78 and its 200-day moving average is $105.52. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 8.37 and a beta of 0.80. Camden Property Trust has a twelve month low of $96.53 and a twelve month high of $119.00. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.04.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camden Property Trust in a research note on Monday, April 20th. Wall Street Zen cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Wells Fargo & Company lifted their price target on shares of Camden Property Trust from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Cantor Fitzgerald reduced their price target on shares of Camden Property Trust from $108.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Morgan Stanley set a $117.00 price target on shares of Camden Property Trust in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $113.05.
Check Out Our Latest Research Report on CPT
Camden Property Trust Profile
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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