Eagle Asset Management Inc. lessened its position in Camden Property Trust (NYSE:CPT) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 300,287 shares of the real estate investment trust’s stock after selling 11,679 shares during the period. Eagle Asset Management Inc. owned approximately 0.32% of Camden Property Trust worth $28,097,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CPT. Redpoint Investment Management Pty Ltd boosted its position in shares of Camden Property Trust by 81.9% during the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 4,111 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 1,851 shares in the last quarter. First Mercantile Trust Co. boosted its position in shares of Camden Property Trust by 31.7% during the 3rd quarter. First Mercantile Trust Co. now owns 3,253 shares of the real estate investment trust’s stock valued at $304,000 after purchasing an additional 783 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Camden Property Trust by 14.4% during the 3rd quarter. Prudential Financial Inc. now owns 901,806 shares of the real estate investment trust’s stock valued at $84,382,000 after purchasing an additional 113,309 shares in the last quarter. Ffcm LLC boosted its position in shares of Camden Property Trust by 2,006.0% during the 3rd quarter. Ffcm LLC now owns 9,098 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 8,666 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Camden Property Trust by 22.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 119,940 shares of the real estate investment trust’s stock worth $11,223,000 after buying an additional 22,070 shares during the period. 95.00% of the stock is currently owned by institutional investors and hedge funds.

CPT has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Camden Property Trust to $97.00 and gave the stock an “outperform” rating in a report on Tuesday, August 14th. SunTrust Banks raised their target price on shares of Camden Property Trust to $95.00 and gave the stock an “average” rating in a report on Tuesday, August 14th. They noted that the move was a valuation call. Barclays reiterated a “hold” rating and issued a $87.00 target price on shares of Camden Property Trust in a report on Sunday, October 14th. Citigroup raised their target price on shares of Camden Property Trust from $95.00 to $96.00 and gave the stock a “hold” rating in a report on Tuesday, October 30th. Finally, ValuEngine upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $94.59.

Shares of CPT opened at $92.55 on Tuesday. The company has a market cap of $8.59 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 2.94 and a beta of 0.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.20 and a current ratio of 0.20. Camden Property Trust has a twelve month low of $78.19 and a twelve month high of $95.67.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.79). The business had revenue of $241.77 million for the quarter, compared to the consensus estimate of $238.79 million. Camden Property Trust had a net margin of 21.81% and a return on equity of 5.94%. Analysts predict that Camden Property Trust will post 4.76 earnings per share for the current year.

In related news, Director William B. Mcguire sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $92.60, for a total transaction of $202,794.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by company insiders.

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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 159 properties containing 54,480 apartment homes across the United States.

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

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