FourThought Financial Partners LLC Lowers Stock Position in Camden Property Trust (NYSE:CPT)

FourThought Financial Partners LLC cut its position in shares of Camden Property Trust (NYSE:CPT) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,017 shares of the real estate investment trust’s stock after selling 152 shares during the quarter. FourThought Financial Partners LLC’s holdings in Camden Property Trust were worth $597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its position in Camden Property Trust by 18.8% in the third quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 366 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Camden Property Trust by 5.5% during 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 buying an additional 418 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Camden Property Trust by 3,054.4% during 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 buying an additional 27,337 shares during the period. Xponance Inc. raised its position in Camden Property Trust by 3.3% in the third quarter. Xponance Inc. now owns 14,782 shares of the real estate investment trust’s stock worth $1,398,000 after acquiring an additional 472 shares during the period. Finally, Raymond James & Associates raised its position in Camden Property Trust by 9.0% in the third quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust’s stock worth $8,280,000 after acquiring an additional 7,199 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

CPT stock traded up $4.55 during midday trading on Friday, reaching $105.08. The company had a trading volume of 2,124,797 shares, compared to its average volume of 930,082. The firm has a 50-day moving average price of $97.89 and a 200-day moving average price of $95.31. The company has a market capitalization of $11.44 billion, a P/E ratio of 25.75, a P/E/G ratio of 3.94 and a beta of 0.82. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a net margin of 28.78% and a return on equity of 8.92%. The company had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. During the same period in the previous year, the business earned $1.74 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, research analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CPT shares. Barclays lowered shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Piper Sandler reaffirmed an “underweight” rating and set a $90.00 price target on shares of Camden Property Trust in a research report on Tuesday, March 26th. The Goldman Sachs Group began coverage on Camden Property Trust in a report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $90.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $104.29.

About Camden Property Trust

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.