Advisory Services Network LLC Acquires New Stake in Camden Property Trust (NYSE:CPT)

Advisory Services Network LLC bought a new stake in shares of Camden Property Trust (NYSE:CPTFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 1,624 shares of the real estate investment trust’s stock, valued at approximately $161,000.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 119 shares during the last quarter. Cooper Financial Group boosted its stake in Camden Property Trust by 3.3% during the 4th quarter. Cooper Financial Group now owns 4,295 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 139 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 144 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Camden Property Trust by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 46,919 shares of the real estate investment trust’s stock valued at $4,438,000 after purchasing an additional 170 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Camden Property Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 29,345 shares of the real estate investment trust’s stock valued at $2,914,000 after purchasing an additional 219 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

NYSE CPT opened at $106.98 on Friday. The company has a market capitalization of $11.40 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 4.17 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The business’s fifty day moving average is $101.61 and its 200 day moving average is $97.97. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04.

Wall Street Analysts Forecast Growth

CPT has been the topic of several recent analyst reports. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Piper Sandler upgraded Camden Property Trust from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $90.00 to $110.00 in a research note on Monday, May 6th. Wedbush raised their price target on Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Barclays downgraded Camden Property Trust from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Finally, Mizuho dropped their price target on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $108.03.

Check Out Our Latest Report on Camden Property Trust

Camden Property Trust Company 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

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPTFree Report).

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

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