FourThought Financial Partners LLC Sells 152 Shares of Camden Property Trust (NYSE:CPT)

FourThought Financial Partners LLC decreased its holdings in Camden Property Trust (NYSE:CPT) by 2.5% in the 4th quarter, according to the company in its most recent 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPT. Parkside Financial Bank & Trust raised its holdings in shares of Camden Property Trust by 60.8% in the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 144 shares during the last quarter. Tobam lifted its position in shares of Camden Property Trust by 4,166.7% during the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 375 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust during the third quarter valued at approximately $69,000. Cetera Trust Company N.A acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $116,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $149,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CPT shares. Truist Financial increased their price objective on Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada reissued an “outperform” rating and set a $103.00 price target on shares of Camden Property Trust in a research note on Monday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Camden Property Trust in a research note on Monday, April 29th. Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Finally, Mizuho reduced their price target on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.29.

Camden Property Trust Stock Up 4.5 %

CPT traded up $4.55 during 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 company has a market cap of $11.44 billion, a P/E ratio of 25.75, a PEG ratio of 3.94 and a beta of 0.82. Camden Property Trust has a 12 month low of $82.81 and a 12 month 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. The business’s fifty day moving average price is $97.89 and its 200 day moving average price is $95.31.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.92% and a net margin of 28.78%. The firm had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. During the same quarter last year, the business posted $1.74 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts anticipate that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Company Profile

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.