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

New York State Common Retirement Fund trimmed its position in Camden Property Trust (NYSE:CPT - Free Report) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 0.06% of Camden Property Trust worth $6,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CPT. DekaBank Deutsche Girozentrale increased its position in Camden Property Trust by 0.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust's stock worth $9,272,000 after acquiring an additional 317 shares during the period. MBB Public Markets I LLC increased its position in Camden Property Trust by 201.2% during the third quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust's stock worth $22,228,000 after acquiring an additional 156,985 shares during the period. Twin Capital Management Inc. bought a new position in Camden Property Trust during the fourth quarter worth $811,000. Cerity Partners LLC bought a new position in Camden Property Trust during the fourth quarter worth $6,966,000. Finally, Bank of Nova Scotia increased its position in Camden Property Trust by 13.8% during the third quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust's stock worth $995,000 after acquiring an additional 1,277 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a report on Thursday, February 22nd. They issued a "buy" rating and a $112.00 price target on the stock. Truist Financial boosted their price target 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. Piper Sandler reissued an "underweight" rating and issued a $90.00 price target on shares of Camden Property Trust in a report on Tuesday, March 26th. Finally, Wedbush reissued an "outperform" rating and issued a $110.00 price target on shares of Camden Property Trust in a report on Monday, April 29th. Three 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 company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $104.29.

Camden Property Trust Price Performance

NYSE CPT traded up $4.55 on Friday, hitting $105.08. 2,124,797 shares of the company were exchanged, compared to its average volume of 930,082. The firm has a 50 day moving average of $97.89 and a two-hundred day moving average of $95.31. The company has a market cap of $11.44 billion, a P/E ratio of 25.75, a P/E/G ratio of 3.77 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04.

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, topping the consensus estimate of $1.72 by $0.31. The business had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a net margin of 28.78% and a return on equity of 8.92%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 EPS. On average, equities analysts predict that Camden Property Trust will post 6.72 EPS for the current year.

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.