Sun Sep 15 09:50:49 UTC 2024: ## Los Angeles Capital Management Cuts Camden Property Trust Stake by 71.9%

**Los Angeles, CA -** Los Angeles Capital Management LLC, a prominent investment firm, significantly reduced its stake in Camden Property Trust (NYSE: CPT) during the second quarter, according to a recent Form 13F filing. The firm sold 9,003 shares, decreasing its holdings by 71.9% and leaving them with 3,521 shares worth approximately $384,000.

This move comes amidst a mixed bag of activity from other hedge funds regarding Camden Property Trust. While some, like Security National Bank, increased their stake, others like Los Angeles Capital Management opted to reduce their exposure.

Research analysts are also divided in their opinions on Camden Property Trust. Evercore ISI and Truist Financial have raised their price targets, indicating optimism, while others like JPMorgan Chase & Co. and UBS Group remain neutral. The Goldman Sachs Group, who recently initiated coverage, gave the stock a “neutral” rating with a $139.00 price target.

Overall, the stock currently holds an average “Hold” rating with an average target price of $120.25.

Camden Property Trust, a real estate investment trust, recently reported its second-quarter earnings, missing analysts’ expectations. The company posted $0.40 earnings per share, significantly lower than the anticipated $1.67. Revenue for the quarter reached $387.15 million, slightly exceeding estimates.

While the company faces some challenges, its strong presence in the multifamily apartment sector, owning 172 properties across the U.S., continues to attract attention from investors.

**Disclaimer:** This news article is based on information available in the provided text. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.

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