Edgestream Partners L.P. Sells 38,718 Shares of Camden Property Trust (NYSE:CPT)

Edgestream Partners L.P. reduced its stake in Camden Property Trust (NYSE:CPT) by 51.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,617 shares of the real estate investment trust’s stock after selling 38,718 shares during the period. Edgestream Partners L.P.’s holdings in Camden Property Trust were worth $3,995,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Camden Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after purchasing an additional 54,475 shares during the period. Envestnet Asset Management Inc. raised its position in Camden Property Trust by 12.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 222,545 shares of the real estate investment trust’s stock valued at $24,282,000 after purchasing an additional 24,591 shares in the last quarter. Federated Hermes Inc. bought a new stake in Camden Property Trust during the 2nd quarter valued at $33,000. American Century Companies Inc. lifted its holdings in shares of Camden Property Trust by 690.1% in the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock worth $27,117,000 after buying an additional 217,076 shares during the period. Finally, Ground Swell Capital LLC bought a new position in shares of Camden Property Trust during the 2nd quarter worth $305,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 0.8 %

NYSE CPT opened at $123.99 on Wednesday. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.23. The company has a fifty day simple moving average of $118.03 and a two-hundred day simple moving average of $107.96. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock has a market cap of $13.21 billion, a P/E ratio of 30.39, a P/E/G ratio of 4.60 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The firm had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same quarter last year, the business earned $1.70 EPS. On average, analysts forecast that Camden Property Trust will post 6.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CPT. Deutsche Bank Aktiengesellschaft lifted their price objective on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Wedbush upped their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Royal Bank of Canada downgraded shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price objective on the stock. in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their target price on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Mizuho dropped their target price on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.69.

Camden Property Trust 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 58,250 apartment homes across the United States.