New York State Common Retirement Fund Sells 9,626 Shares of Camden Property Trust (NYSE:CPT)

New York State Common Retirement Fund reduced its stake in shares of Camden Property Trust (NYSE:CPT) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,378 shares of the real estate investment trust’s stock after selling 9,626 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Camden Property Trust worth $6,889,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in Camden Property Trust by 18.8% in the third quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 366 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Camden Property Trust by 5.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 418 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Camden Property Trust by 3,054.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust’s stock valued at $2,670,000 after purchasing an additional 27,337 shares in the last quarter. Xponance Inc. grew its stake in Camden Property Trust by 3.3% in the third quarter. Xponance Inc. now owns 14,782 shares of the real estate investment trust’s stock worth $1,398,000 after purchasing an additional 472 shares during the period. Finally, Raymond James & Associates raised its holdings in Camden Property Trust by 9.0% in the third quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust’s stock worth $8,280,000 after purchasing an additional 7,199 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Performance

Shares of CPT opened at $105.08 on Friday. The firm has a market capitalization of $11.44 billion, a P/E ratio of 28.40, a PEG ratio of 3.70 and a beta of 0.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The business has a fifty day moving average of $97.89 and a 200 day moving average of $95.33.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CPT shares. Truist Financial boosted their target price 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. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. Mizuho lowered their target price on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Barclays downgraded Camden Property Trust from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $103.00 target price on shares of Camden Property Trust in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.29.

About Camden Property Trust

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.