Nixon Capital LLC bought a new position in Camden Property Trust (NYSE:CPT – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 179,394 shares of the real estate investment trust’s stock, valued at approximately $19,748,000. Camden Property Trust accounts for approximately 5.2% of Nixon Capital LLC’s holdings, making the stock its 9th biggest position. Nixon Capital LLC owned about 0.17% of Camden Property Trust as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new position in shares of Camden Property Trust in the 3rd quarter worth $25,000. Hantz Financial Services Inc. raised its position in shares of 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 worth $30,000 after buying an additional 236 shares during the period. Clearstead Advisors LLC raised its position in shares of 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 worth $32,000 after buying an additional 138 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Camden Property Trust in the 2nd quarter worth $32,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Camden Property Trust in the 3rd quarter worth $32,000. 97.22% of the stock is owned by hedge funds and other institutional investors.
Camden Property Trust Trading Down 0.1%
NYSE:CPT opened at $115.30 on Thursday. The business’s 50-day moving average is $104.81 and its two-hundred day moving average is $105.77. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.42 and a quick ratio of 0.42. Camden Property Trust has a 12 month low of $96.53 and a 12 month high of $118.59. The firm has a market capitalization of $11.59 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 8.58 and a beta of 0.80.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on CPT. Evercore set a $113.00 target price on Camden Property Trust in a research report on Monday. Wall Street Zen lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Wells Fargo & Company raised their price objective on Camden Property Trust from $106.00 to $107.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Mizuho raised their price objective on Camden Property Trust from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays raised their price objective on Camden Property Trust from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Five equities research 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.73.
Get Our Latest Stock Analysis on Camden Property Trust
About Camden Property Trust
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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