Eagle Asset Management Inc. Cuts Holdings in Camden Property Trust (CPT)

Eagle Asset Management Inc. trimmed its stake in shares of Camden Property Trust (NYSE:CPT) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 331,893 shares of the real estate investment trust’s stock after selling 22,473 shares during the quarter. Eagle Asset Management Inc. owned about 0.36% of Camden Property Trust worth $27,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Camden Property Trust by 285.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,386 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 1,026 shares during the period. FDx Advisors Inc. acquired a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $202,000. Global X Management Co. LLC raised its position in shares of Camden Property Trust by 45.3% during the 4th quarter. Global X Management Co. LLC now owns 2,309 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 720 shares during the period. Creative Planning acquired a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $308,000. Finally, Bbva Compass Bancshares Inc. raised its position in shares of Camden Property Trust by 52.3% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 3,962 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 1,361 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

CPT opened at $83.79 on Tuesday. Camden Property Trust has a 12 month low of $78.19 and a 12 month high of $96.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $7.70 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 2.82 and a beta of 0.35.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.72). Camden Property Trust had a net margin of 22.03% and a return on equity of 5.97%. The business had revenue of $230.70 million during the quarter, compared to analyst estimates of $230.71 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. research analysts expect that Camden Property Trust will post 4.74 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. BTIG Research increased their price target on Camden Property Trust to $93.00 and gave the stock a “buy” rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Sandler O’Neill set a $97.00 price target on Camden Property Trust and gave the stock a “buy” rating in a research report on Tuesday, February 6th. BMO Capital Markets set a $94.00 price target on Camden Property Trust and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Mizuho set a $81.00 price target on Camden Property Trust and gave the stock a “hold” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $90.69.

About Camden Property Trust

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 156 properties containing 53,391 apartment homes across the United States.

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

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