Treasurer of the State of North Carolina Has $4.70 Million Position in Camden Property Trust (NYSE:CPT)

Treasurer of the State of North Carolina grew its holdings in Camden Property Trust (NYSE:CPTFree Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,369 shares of the real estate investment trust’s stock after purchasing an additional 450 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Camden Property Trust were worth $4,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CPT. TD Asset Management Inc lifted its stake in Camden Property Trust by 6.1% in the fourth quarter. TD Asset Management Inc now owns 35,248 shares of the real estate investment trust’s stock valued at $3,500,000 after buying an additional 2,039 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Camden Property Trust by 292.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,834 shares of the real estate investment trust’s stock worth $381,000 after acquiring an additional 2,856 shares in the last quarter. CORDA Investment Management LLC. grew its holdings in Camden Property Trust by 2.2% in the fourth quarter. CORDA Investment Management LLC. now owns 200,533 shares of the real estate investment trust’s stock worth $19,911,000 after purchasing an additional 4,348 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Camden Property Trust by 3.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 151,222 shares of the real estate investment trust’s stock valued at $15,015,000 after purchasing an additional 4,638 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Camden Property Trust during the fourth quarter valued at about $161,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $103.64 on Tuesday. The firm has a market capitalization of $11.04 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 4.02 and a beta of 0.86. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $100.91 and its 200 day simple moving average is $97.59. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CPT shares. Piper Sandler raised Camden Property Trust from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $90.00 to $110.00 in a research report on Monday, May 6th. Wells Fargo & Company upped their target price on Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a research report on Friday. Morgan Stanley increased their target price on Camden Property Trust from $98.00 to $105.50 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. Truist Financial boosted their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, Wedbush raised their price objective on shares of Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $108.03.

Read Our Latest Stock Analysis on Camden Property Trust

About Camden Property Trust

(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.

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

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