Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 5.1% in the 1st quarter, HoldingsChannel reports. The fund owned 12,147 shares of the real estate investment trust’s stock after purchasing an additional 590 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Camden Property Trust were worth $1,232,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Timbercreek Investment Management Inc. grew its position in Camden Property Trust by 1.6% in the 1st quarter. Timbercreek Investment Management Inc. now owns 64,664 shares of the real estate investment trust’s stock worth $6,563,000 after purchasing an additional 1,000 shares in the last quarter. CI Investments Inc. bought a new stake in Camden Property Trust in the 4th quarter worth about $12,458,000. Perpetual Ltd boosted its stake in Camden Property Trust by 156.1% in the fourth quarter. Perpetual Ltd now owns 42,000 shares of the real estate investment trust’s stock valued at $3,667,000 after acquiring an additional 25,600 shares during the last quarter. Exane Derivatives purchased a new position in Camden Property Trust in the fourth quarter valued at about $194,000. Finally, Bahl & Gaynor Inc. boosted its stake in Camden Property Trust by 7.6% in the fourth quarter. Bahl & Gaynor Inc. now owns 124,201 shares of the real estate investment trust’s stock valued at $10,936,000 after acquiring an additional 8,761 shares during the last quarter. 91.20% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the stock. Barclays reiterated a “buy” rating and issued a $108.00 target price on shares of Camden Property Trust in a research note on Tuesday, April 16th. Sandler O’Neill cut shares of Camden Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. KeyCorp boosted their target price on shares of Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Citigroup set a $100.00 target price on shares of Camden Property Trust and gave the company a “hold” rating in a research note on Tuesday, February 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price on shares of Camden Property Trust in a research note on Thursday, January 31st. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Camden Property Trust currently has an average rating of “Buy” and an average target price of $99.94.
Shares of CPT stock traded down $0.26 during trading on Wednesday, reaching $102.44. 974 shares of the company’s stock traded hands, compared to its average volume of 526,642. The stock has a market capitalization of $9.95 billion, a P/E ratio of 21.47, a PEG ratio of 3.14 and a beta of 0.53. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.57. Camden Property Trust has a 1 year low of $83.40 and a 1 year high of $104.16.
Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.22. The company had revenue of $248.57 million for the quarter, compared to analysts’ expectations of $246.50 million. Camden Property Trust had a net margin of 15.98% and a return on equity of 4.45%. Camden Property Trust’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. On average, equities analysts predict that Camden Property Trust will post 5.06 EPS for the current year.
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Camden Property Trust Company Profile
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 161 properties containing 55,160 apartment homes across the United States.
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