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

New York Life Investment Management LLC lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 73.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,347 shares of the real estate investment trust’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission.

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

Camden Property Trust Stock Up 4.5 %

Shares of NYSE:CPT opened at $105.08 on Monday. The company’s fifty day moving average is $97.89 and its two-hundred day moving average is $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 has a 1-year low of $82.81 and a 1-year high of $114.04. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a net margin of 28.78% and a return on equity of 8.92%. The firm had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. During the same quarter in the prior year, the business earned $1.74 earnings per share. Camden Property Trust’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts anticipate that Camden Property Trust will post 6.72 EPS for the current year.

Analyst Ratings Changes

CPT has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Camden Property Trust in a report on Monday, April 29th. Piper Sandler reaffirmed an “underweight” rating and set a $90.00 target price on shares of Camden Property Trust in a research report on Tuesday, March 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price for the company. Three 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.29.

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.