Rafferty Asset Management LLC Has $1.42 Million Position in Camden Property Trust (NYSE:CPT)

Rafferty Asset Management LLC raised its stake in Camden Property Trust (NYSE:CPTFree Report) by 20.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,317 shares of the real estate investment trust’s stock after acquiring an additional 2,390 shares during the period. Rafferty Asset Management LLC’s holdings in Camden Property Trust were worth $1,422,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CPT. JPMorgan Chase & Co. lifted its position in Camden Property Trust by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after purchasing an additional 1,187,974 shares during the period. Norges Bank acquired a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $376,933,000. Victory Capital Management Inc. increased its stake in Camden Property Trust by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock valued at $366,022,000 after acquiring an additional 87,337 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Camden Property Trust by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock worth $153,633,000 after purchasing an additional 16,389 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Camden Property Trust by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,411,193 shares of the real estate investment trust’s stock valued at $140,117,000 after purchasing an additional 37,162 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Trading Up 0.8 %

CPT opened at $107.54 on Tuesday. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04. The company has a fifty day moving average of $102.00 and a 200-day moving average of $98.37. The stock has a market cap of $11.46 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 4.18 and a beta of 0.86. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPT. Royal Bank of Canada upped their price objective on Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Truist Financial lifted their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. UBS Group increased their price objective on shares of Camden Property Trust from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Wedbush boosted their target price on shares of Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Finally, Piper Sandler raised Camden Property Trust from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $90.00 to $110.00 in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.03.

View Our Latest Analysis 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.

See Also

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

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