Swiss National Bank Sells 10,500 Shares of Camden Property Trust (NYSE:CPT)

Swiss National Bank trimmed its stake in Camden Property Trust (NYSE:CPT - Free Report) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 332,900 shares of the real estate investment trust's stock after selling 10,500 shares during the period. Swiss National Bank owned about 0.31% of Camden Property Trust worth $33,054,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its position in shares of Camden Property Trust by 18.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust's stock valued at $219,000 after purchasing an additional 366 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Camden Property Trust by 5.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust's stock valued at $752,000 after purchasing an additional 418 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Camden Property Trust by 3,054.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust's stock valued at $2,670,000 after purchasing an additional 27,337 shares during the last quarter. Raymond James & Associates increased its position in Camden Property Trust by 9.0% during the 3rd quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust's stock worth $8,280,000 after buying an additional 7,199 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Camden Property Trust by 32.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,646 shares of the real estate investment trust's stock worth $250,000 after purchasing an additional 654 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on CPT shares. StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, April 30th. Royal Bank of Canada boosted 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 note on Monday. The Goldman Sachs Group started coverage on Camden Property Trust in a report on Thursday, February 22nd. They set a "buy" rating and a $112.00 price target on the stock. Barclays downgraded Camden Property Trust from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They issued a "hold" rating and a $90.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $107.06.

Camden Property Trust Price Performance

Shares of NYSE:CPT traded down $1.81 during trading on Wednesday, reaching $104.18. 823,046 shares of the company traded hands, compared to its average volume of 1,110,644. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $114.04. The company's 50 day moving average is $98.62 and its two-hundred day moving average is $95.55. The company has a quick ratio of 0.88, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $11.34 billion, a PE ratio of 25.53, a PEG ratio of 3.94 and a beta of 0.82.

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.