DekaBank Deutsche Girozentrale Has $6.57 Million Position in Camden Property Trust (NYSE:CPT)

DekaBank Deutsche Girozentrale cut its stake in Camden Property Trust (NYSE:CPT) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,665 shares of the real estate investment trust’s stock after selling 5,063 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.06% of Camden Property Trust worth $6,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Camden Property Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after acquiring an additional 289,425 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after purchasing an additional 206,654 shares in the last quarter. Norges Bank bought a new position in shares of Camden Property Trust during the 4th quarter valued at $376,933,000. Centersquare Investment Management LLC lifted its stake in shares of Camden Property Trust by 64.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after purchasing an additional 898,398 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after purchasing an additional 7,722 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CPT shares. JPMorgan Chase & Co. boosted their price target on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft increased their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Mizuho reduced their price objective on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, UBS Group raised their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $121.69.

Camden Property Trust Stock Down 0.8 %

CPT stock opened at $123.99 on Wednesday. The business’s 50-day simple moving average is $118.03 and its 200 day simple moving average is $107.96. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.21 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.23.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.27). The firm had revenue of $387.15 million for the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same period in the previous year, the business posted $1.70 EPS. On average, research analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust 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 58,250 apartment homes across the United States.