Norges Bank Invests $376.93 Million in Camden Property Trust (NYSE:CPT)

Norges Bank purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,796,284 shares of the real estate investment trust's stock, valued at approximately $376,933,000. Norges Bank owned about 3.56% of Camden Property Trust as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its position in shares of 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 worth $9,272,000 after buying an additional 317 shares during the last quarter. MBB Public Markets I LLC increased its holdings in shares of 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 worth $22,228,000 after acquiring an additional 156,985 shares during the period. Twin Capital Management Inc. acquired a new stake in shares of Camden Property Trust in the 4th quarter worth about $811,000. Cerity Partners LLC acquired a new stake in shares of Camden Property Trust in the 4th quarter worth about $6,966,000. Finally, Bank of Nova Scotia increased its holdings in shares of Camden Property Trust by 13.8% in the 3rd 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.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CPT shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Camden Property Trust in a research note on Tuesday, January 30th. They set a "hold" rating and a $90.00 target price on the stock. Wedbush raised their target price on shares of Camden Property Trust from $110.00 to $118.00 and gave the stock an "outperform" rating in a report on Monday, May 6th. Truist Financial raised their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, April 9th. Mizuho raised their price target on shares of Camden Property Trust from $99.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, May 6th. Finally, Scotiabank raised their price target on shares of Camden Property Trust from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 14th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $108.36.

Camden Property Trust Stock Performance

CPT stock traded up $0.35 on Tuesday, reaching $105.92. 874,440 shares of the company were exchanged, compared to its average volume of 1,083,178. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The stock's fifty day moving average price is $100.22 and its 200 day moving average price is $96.77. The firm has a market capitalization of $11.28 billion, a PE ratio of 25.96, a PEG ratio of 2.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43.

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.