Mason Street Advisors LLC Increases Stake in Camden Property Trust (CPT)

Mason Street Advisors LLC grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,387 shares of the real estate investment trust’s stock after buying an additional 2,603 shares during the period. Mason Street Advisors LLC’s holdings in Camden Property Trust were worth $5,216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rehmann Capital Advisory Group raised its position in Camden Property Trust by 71.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 297 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 124 shares during the last quarter. Lavaca Capital LLC purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $27,000. Oregon Public Employees Retirement Fund increased its position in shares of Camden Property Trust by 8,705.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,206,341 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,169,926 shares during the last quarter. First Interstate Bank purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $47,000. Finally, We Are One Seven LLC purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $62,000. 91.20% of the stock is owned by hedge funds and other institutional investors.

CPT has been the subject of several research reports. KeyCorp upped their price target on shares of Camden Property Trust from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price target on shares of Camden Property Trust in a research report on Thursday, January 31st. Barclays raised shares of Camden Property Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $87.00 to $106.00 in a research report on Monday, February 4th. Mizuho raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, January 23rd. Finally, Citigroup set a $100.00 price target on shares of Camden Property Trust and gave the company a “hold” rating in a research report on Tuesday, February 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $99.94.

Shares of NYSE:CPT opened at $102.94 on Friday. The company has a market cap of $9.86 billion, a P/E ratio of 21.58, a P/E/G ratio of 3.11 and a beta of 0.53. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. Camden Property Trust has a 12-month low of $82.60 and a 12-month high of $104.16.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.22. The company had revenue of $248.57 million during the quarter, compared to the consensus estimate of $246.50 million. Camden Property Trust had a return on equity of 4.45% and a net margin of 15.98%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 EPS. On average, sell-side analysts expect that Camden Property Trust will post 5.06 earnings per share for the current year.

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Camden Property Trust Company Profile

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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