KBC Group NV Has $2.90 Million Holdings in Camden Property Trust (NYSE:CPT)

KBC Group NV reduced its position in Camden Property Trust (NYSE:CPTFree Report) by 61.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,231 shares of the real estate investment trust’s stock after selling 45,901 shares during the period. KBC Group NV’s holdings in Camden Property Trust were worth $2,902,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Camden Property Trust during the 4th quarter valued at about $376,933,000. JPMorgan Chase & Co. increased its holdings in shares of Camden Property Trust by 41.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock valued at $382,575,000 after acquiring an additional 1,187,974 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Camden Property Trust by 111.4% during the 4th quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock valued at $56,988,000 after acquiring an additional 302,439 shares during the last quarter. MBB Public Markets I LLC increased its holdings in shares of Camden Property Trust by 201.2% during the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after acquiring an additional 156,985 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Camden Property Trust by 13.2% during the 3rd quarter. Invesco Ltd. now owns 1,273,151 shares of the real estate investment trust’s stock valued at $120,415,000 after acquiring an additional 148,809 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $106.69 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $11.37 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 4.20 and a beta of 0.86. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The business has a 50 day simple moving average of $101.78 and a 200 day simple moving average of $98.09.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CPT shares. Barclays downgraded Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Truist Financial increased their target price on Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Wedbush increased their target price on Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Morgan Stanley increased their target price on Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Finally, UBS Group increased their target price on Camden Property Trust from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Camden Property Trust has an average rating of “Hold” and an average target price of $108.03.

Check Out Our Latest Research Report on CPT

Camden Property Trust 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.

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

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