Nixon Capital LLC bought a new stake in shares of Camden Property Trust (NYSE:CPT – Free Report) in the 4th quarter, Holdings Channel reports. The fund bought 179,394 shares of the real estate investment trust’s stock, valued at approximately $19,748,000. Camden Property Trust comprises approximately 5.2% of Nixon Capital LLC’s portfolio, making the stock its 9th largest holding.
Several other large investors also recently modified their holdings of CPT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Camden Property Trust by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,453 shares of the real estate investment trust’s stock valued at $2,257,000 after acquiring an additional 336 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Camden Property Trust by 2.4% during the first quarter. Focus Partners Wealth now owns 7,573 shares of the real estate investment trust’s stock valued at $926,000 after acquiring an additional 175 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Camden Property Trust by 4.8% during the second quarter. Baird Financial Group Inc. now owns 4,600 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 210 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Camden Property Trust during the second quarter valued at about $219,000. Finally, Federated Hermes Inc. grew its stake in Camden Property Trust by 265.0% in the second quarter. Federated Hermes Inc. now owns 4,917 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 3,570 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.
Camden Property Trust Stock Down 0.1%
NYSE:CPT opened at $115.30 on Thursday. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 8.58 and a beta of 0.80. Camden Property Trust has a one year low of $96.53 and a one year high of $118.59. The stock has a 50-day simple moving average of $104.81 and a 200 day simple moving average of $105.77. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.42 and a current ratio of 0.42.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on CPT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research note on Monday, April 20th. Scotiabank downgraded Camden Property Trust from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the stock from $113.00 to $95.00 in a research note on Thursday, May 14th. Barclays lifted their price target on Camden Property Trust from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $118.75 price target on Camden Property Trust in a research note on Friday, May 1st. Finally, Mizuho lifted their price target on Camden Property Trust from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $113.73.
Check Out Our Latest Stock Analysis on Camden Property Trust
Camden Property Trust Company 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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