Victory Capital Management Inc. trimmed its stake in shares of Camden Property Trust (NYSE:CPT – Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,187,532 shares of the real estate investment trust’s stock after selling 144,936 shares during the quarter. Victory Capital Management Inc.’s holdings in Camden Property Trust were worth $350,884,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new position in shares of Camden Property Trust during the 3rd quarter worth about $25,000. Hantz Financial Services Inc. boosted its position in shares of Camden Property Trust by 524.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 281 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 236 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Camden Property Trust during the 2nd quarter worth about $32,000. Fulcrum Asset Management LLP acquired a new position in shares of Camden Property Trust during the 3rd quarter worth about $32,000. Finally, Clearstead Advisors LLC boosted its position in shares of Camden Property Trust by 92.0% during the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 138 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.
Camden Property Trust Stock Up 0.4%
Shares of NYSE CPT opened at $114.92 on Friday. The stock has a market cap of $11.55 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 8.52 and a beta of 0.80. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.04. Camden Property Trust has a 52-week low of $96.53 and a 52-week high of $118.27. The business has a 50-day moving average price of $105.48 and a 200 day moving average price of $105.90.
Analysts Set New Price Targets
CPT has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on 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. Mizuho upped their price objective on Camden Property Trust from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial upped their price objective on Camden Property Trust from $118.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald lowered their price objective on Camden Property Trust from $108.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a $118.75 price objective on Camden Property Trust in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $114.05.
Read Our Latest Analysis on CPT
Camden Property Trust Company 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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