International Assets Investment Management LLC Purchases New Position in Camden Property Trust (NYSE:CPT)

International Assets Investment Management LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 91,554 shares of the real estate investment trust's stock, valued at approximately $90,900,000. International Assets Investment Management LLC owned 0.09% of Camden Property Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Camden Property Trust by 41.6% in the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust's stock worth $382,575,000 after acquiring an additional 1,187,974 shares during the last quarter. MBB Public Markets I LLC raised its holdings in Camden Property Trust by 201.2% in the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust's stock valued at $22,228,000 after buying an additional 156,985 shares during the last quarter. Invesco Ltd. boosted its position in Camden Property Trust by 13.2% during the 3rd quarter. Invesco Ltd. now owns 1,273,151 shares of the real estate investment trust's stock worth $120,415,000 after buying an additional 148,809 shares during the period. Ceredex Value Advisors LLC bought a new stake in Camden Property Trust during the 4th quarter worth approximately $11,868,000. Finally, Barclays PLC increased its position in Camden Property Trust by 40.2% in the 3rd quarter. Barclays PLC now owns 275,314 shares of the real estate investment trust's stock valued at $26,040,000 after acquiring an additional 78,931 shares during the period. Institutional investors own 97.22% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Barclays cut shares of Camden Property Trust from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Morgan Stanley upped their price target on shares of Camden Property Trust from $95.00 to $98.00 and gave the company an "equal weight" rating in a research report on Monday, February 26th. StockNews.com upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday. Mizuho cut their target price on Camden Property Trust from $103.00 to $99.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a "hold" rating and a $90.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $104.29.

Camden Property Trust Price Performance

NYSE CPT traded up $4.55 during trading hours on Friday, hitting $105.08. The company had a trading volume of 1,882,880 shares, compared to its average volume of 1,110,522. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $114.04. The firm has a 50 day simple moving average of $97.89 and a 200 day simple moving average of $95.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 3.70 and a beta of 0.82.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued 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 firm 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 company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS. Equities research analysts expect that Camden Property Trust will post 6.72 earnings per share 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.