International Assets Investment Management LLC purchased a new stake in Camden Property Trust (NYSE:CPT – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 91,554 shares of the real estate investment trust’s stock, valued at approximately $90,900,000.
A number of other institutional investors and hedge funds have also made changes to their positions in CPT. Bessemer Group Inc. raised its stake in shares of Camden Property Trust by 57.0% during the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake 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 acquiring an additional 144 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in Camden Property Trust in the fourth quarter worth $45,000. Belpointe Asset Management LLC increased its position in shares of Camden Property Trust by 175.5% during the first quarter. Belpointe Asset Management LLC now owns 449 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 286 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Camden Property Trust by 100.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 223 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CPT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. BMO Capital Markets restated a “market perform” rating and set a $100.00 price target on shares of Camden Property Trust in a research note on Friday, December 15th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Truist Financial reissued a “buy” rating and set a $113.00 target price (down previously from $121.00) on shares of Camden Property Trust in a research report on Wednesday, March 13th. Finally, Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.24.
View Our Latest Research Report on Camden Property Trust
Camden Property Trust Price Performance
Shares of CPT opened at $96.62 on Friday. The business’s 50-day moving average is $96.24 and its two-hundred day moving average is $94.93. The company has a market capitalization of $10.52 billion, a P/E ratio of 26.11, a P/E/G ratio of 3.58 and a beta of 0.83. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88.
Camden Property Trust (NYSE:CPT – Get Free Report) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. The firm had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 earnings per share. Research analysts predict that Camden Property Trust will post 6.75 earnings per share for the current year.
Camden Property Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.26%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. Camden Property Trust’s payout ratio is 111.35%.
About Camden Property Trust
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.
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StockNews.com downgraded shares of Camden Property Trust (NYSE:CPT – Free Report) from a hold rating to a sell rating in a research report released on Thursday morning.
A number of other analysts have also weighed in on the stock. Barclays lowered shares of Camden Property Trust from an overweight rating to an equal weight rating and reduced their price objective for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Royal Bank of Canada restated an outperform rating and issued a $103.00 price objective on shares of Camden Property Trust in a report on Monday, February 5th. Truist Financial reiterated a buy rating and set a $113.00 target price (down from $121.00) on shares of Camden Property Trust in a research note on Wednesday, March 13th. Piper Sandler restated an underweight rating and issued a $90.00 price target on shares of Camden Property Trust in a research note on Tuesday, March 26th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $100.00 price objective on shares of Camden Property Trust in a report on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $104.24.
View Our Latest Research Report on CPT
Camden Property Trust Price Performance
CPT stock opened at $95.87 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50 day moving average price of $96.22 and a 200-day moving average price of $95.01. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 3.58 and a beta of 0.83.
Camden Property Trust (NYSE:CPT – Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. During the same quarter in the previous year, the business earned $1.74 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Camden Property Trust will post 6.75 EPS for the current fiscal year.
Camden Property Trust Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, March 27th. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 4.30%. Camden Property Trust’s payout ratio is 111.35%.
Institutional Trading of Camden Property Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of CPT. Norges Bank bought a new position in shares of Camden Property Trust during the 4th quarter valued at approximately $376,933,000. Centersquare Investment Management LLC boosted its position in shares of Camden Property Trust by 2,517.6% in the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after purchasing an additional 1,344,923 shares during the period. JPMorgan Chase & Co. raised its position in shares of Camden Property Trust by 41.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock valued at $382,575,000 after purchasing an additional 1,187,974 shares during the period. Long Pond Capital LP lifted its stake in shares of Camden Property Trust by 149.0% during the 4th quarter. Long Pond Capital LP now owns 948,280 shares of the real estate investment trust’s stock valued at $106,094,000 after buying an additional 567,487 shares in the last quarter. Finally, State Street Corp boosted its holdings in Camden Property Trust by 9.8% in the 1st quarter. State Street Corp now owns 6,066,515 shares of the real estate investment trust’s stock worth $1,013,817,000 after buying an additional 540,683 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.
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.
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