ING Groep NV lifted its stake in Camden Property Trust (NYSE:CPT – Free Report) by 263.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,750 shares of the real estate investment trust’s stock after purchasing an additional 9,966 shares during the quarter. ING Groep NV’s holdings in Camden Property Trust were worth $1,514,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Abich Financial Wealth Management LLC bought a new position in Camden Property Trust in the 3rd quarter valued at $25,000. Hantz Financial Services Inc. grew its position in Camden Property Trust by 524.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 281 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 236 shares during the last quarter. Clearstead Advisors LLC grew its position in Camden Property Trust by 92.0% in the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 138 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Camden Property Trust in the second quarter worth about $32,000. Finally, Fulcrum Asset Management LLP bought a new position in shares of Camden Property Trust in the third quarter worth about $32,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.
Camden Property Trust Price Performance
CPT opened at $115.34 on Wednesday. Camden Property Trust has a 12-month low of $96.53 and a 12-month high of $119.00. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $104.46 and its 200-day simple moving average is $105.69. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 8.40 and a beta of 0.80.
Analyst Ratings Changes
CPT has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target on shares of Camden Property Trust from $104.00 to $105.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Morgan Stanley set a $117.00 price target on shares of Camden Property Trust in a report on Friday, May 15th. Stifel Nicolaus set a $118.75 price target on shares of Camden Property Trust in a report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Camden Property Trust in a report on Monday, April 20th. Finally, Evercore set a $113.00 price target on shares of Camden Property Trust in a report on Monday. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.42.
Check Out Our Latest Research Report on CPT
Camden Property Trust Profile
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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