New York Life Investment Management LLC Raises Position in Camden Property Trust (NYSE:CPT)

New York Life Investment Management LLC increased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 73.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,347 shares of the real estate investment trust's stock after buying an additional 12,898 shares during the quarter. New York Life Investment Management LLC's holdings in Camden Property Trust were worth $3,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its position in Camden Property Trust by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust's stock valued at $9,272,000 after purchasing an additional 317 shares during the last quarter. MBB Public Markets I LLC boosted its holdings in Camden Property Trust by 201.2% in the third 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 acquiring an additional 156,985 shares during the last quarter. Twin Capital Management Inc. acquired a new stake in Camden Property Trust in the fourth quarter worth about $811,000. Cerity Partners LLC bought a new stake in Camden Property Trust during the 4th quarter worth about $6,966,000. Finally, Bank of Nova Scotia raised its holdings in Camden Property Trust by 13.8% during the 3rd quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust's stock worth $995,000 after purchasing an additional 1,277 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Up 0.9 %

CPT traded up $0.90 during trading on Monday, reaching $105.98. The company had a trading volume of 1,433,052 shares, compared to its average volume of 1,114,279. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.88. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The business's fifty day moving average price is $98.16 and its 200 day moving average price is $95.40. The company has a market cap of $11.54 billion, a P/E ratio of 25.98, a PEG ratio of 3.94 and a beta of 0.82.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million for the quarter, compared to analyst estimates 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 period last year, the business posted $1.74 earnings per share. Equities analysts anticipate that Camden Property Trust will post 6.72 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on CPT shares. Royal Bank of Canada lifted their price target on shares of Camden Property Trust from $107.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, April 30th. Barclays downgraded Camden Property Trust from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Mizuho raised their price target on Camden Property Trust from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Truist Financial upped their price objective on Camden Property Trust from $113.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 9th. Two equities 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $107.06.

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.