Corient Private Wealth LLC Raises Stock Position in Camden Property Trust (NYSE:CPT)

Corient Private Wealth LLC increased its stake in Camden Property Trust (NYSE:CPT) by 9.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 177,661 shares of the real estate investment trust’s stock after acquiring an additional 15,906 shares during the quarter. Corient Private Wealth LLC owned approximately 0.17% of Camden Property Trust worth $17,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Camden Property Trust by 90.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,055 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 978 shares in the last quarter. Norges Bank purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $376,933,000. ING Groep NV increased its holdings in Camden Property Trust by 5.6% during the 4th quarter. ING Groep NV now owns 22,817 shares of the real estate investment trust’s stock worth $2,266,000 after purchasing an additional 1,213 shares during the last quarter. Trillium Asset Management LLC boosted its position in Camden Property Trust by 4.7% during the 4th quarter. Trillium Asset Management LLC now owns 47,533 shares of the real estate investment trust’s stock valued at $4,719,000 after purchasing an additional 2,134 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Camden Property Trust by 1.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 163,909 shares of the real estate investment trust’s stock worth $16,032,000 after acquiring an additional 1,819 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

CPT has been the topic of several recent analyst reports. Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Piper Sandler upgraded Camden Property Trust from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $90.00 to $110.00 in a research report on Monday, May 6th. UBS Group raised their price objective on Camden Property Trust from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. The Goldman Sachs Group began coverage on Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 target price on the stock. Finally, StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.36.

Camden Property Trust Price Performance

Shares of CPT stock traded down $0.41 on Friday, hitting $103.60. 573,182 shares of the stock traded hands, compared to its average volume of 962,473. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 4.07 and a beta of 0.82. The firm has a 50 day simple moving average of $100.57 and a two-hundred day simple moving average of $96.98. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $114.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43.

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.