Van ECK Associates Corp Grows Position in Camden Property Trust (NYSE:CPT)

Van ECK Associates Corp grew its holdings in Camden Property Trust (NYSE:CPT) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,459 shares of the real estate investment trust’s stock after buying an additional 5,423 shares during the period. Van ECK Associates Corp’s holdings in Camden Property Trust were worth $4,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Naviter Wealth LLC boosted its holdings in Camden Property Trust by 10.9% in the 4th quarter. Naviter Wealth LLC now owns 8,106 shares of the real estate investment trust’s stock valued at $812,000 after purchasing an additional 797 shares during the last quarter. Aew Capital Management L P lifted its holdings in Camden Property Trust by 10.4% in the fourth quarter. Aew Capital Management L P now owns 216,165 shares of the real estate investment trust’s stock valued at $21,463,000 after acquiring an additional 20,320 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Camden Property Trust by 18.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,552 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 558 shares during the period. Wolverine Asset Management LLC grew its position in Camden Property Trust by 30.4% in the fourth quarter. Wolverine Asset Management LLC now owns 10,018 shares of the real estate investment trust’s stock worth $995,000 after acquiring an additional 2,334 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Camden Property Trust during the fourth quarter worth $154,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CPT. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Camden Property Trust in a report on Monday, April 29th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. The Goldman Sachs Group began coverage on Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $104.29.

Camden Property Trust Stock Up 4.5 %

Shares of Camden Property Trust stock opened at $105.08 on Monday. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The business has a fifty day simple moving average of $97.89 and a 200 day simple moving average of $95.31. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market cap of $11.44 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 3.94 and a beta of 0.82.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.31. The company 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 8.92% and a net margin of 28.78%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 earnings per share. Research analysts predict that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Company Profile

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.