Camden Property Trust (NYSE:CPT) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. lowered its stake in Camden Property Trust (NYSE:CPT) by 71.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,324 shares of the real estate investment trust’s stock after selling 8,174 shares during the quarter. Machina Capital S.A.S.’s holdings in Camden Property Trust were worth $330,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

CPT has been the subject of several research reports. Truist Financial boosted their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Mizuho upped their price target on Camden Property Trust from $99.00 to $111.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada increased their price target on Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday. Barclays downgraded Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $138.00 to $100.00 in a research report on Tuesday, February 20th. Finally, StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.06.

Camden Property Trust Stock Performance

CPT traded up $0.01 on Tuesday, reaching $105.99. The company had a trading volume of 844,218 shares, compared to its average volume of 1,113,884. The stock has a 50-day moving average price of $98.16 and a 200-day moving average price of $95.40. The company has a quick ratio of 0.88, a current ratio of 0.43 and a debt-to-equity ratio of 0.71. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. The stock has a market capitalization of $11.54 billion, a PE ratio of 25.98, a P/E/G ratio of 3.94 and a beta of 0.82.

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.