Border to Coast Pensions Partnership Ltd bought a new position in shares of Camden Property Trust (NYSE:CPT – Free Report) during the 1st quarter, Holdings Channel reports. The fund bought 15,000 shares of the real estate investment trust’s stock, valued at approximately $1,469,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Clearstead Advisors LLC increased its holdings in shares of Camden Property Trust by 92.0% in the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 138 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Camden Property Trust in the second quarter valued at about $32,000. Fulcrum Asset Management LLP purchased a new stake in Camden Property Trust during the third quarter worth about $32,000. MUFG Securities EMEA plc purchased a new stake in Camden Property Trust during the second quarter worth about $35,000. Finally, Prosperity Bancshares Inc purchased a new stake in Camden Property Trust during the fourth quarter worth about $42,000. 97.22% of the stock is owned by institutional investors and hedge funds.
Camden Property Trust Stock Performance
Shares of CPT opened at $116.27 on Friday. Camden Property Trust has a 12-month low of $96.53 and a 12-month high of $116.59. The stock has a market cap of $11.69 billion, a P/E ratio of 32.48, a PEG ratio of 8.79 and a beta of 0.80. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average of $107.50 and a two-hundred day moving average of $106.31.
Camden Property Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Camden Property Trust’s dividend payout ratio is 118.44%.
Analyst Upgrades and Downgrades
CPT has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Camden Property Trust from $118.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Morgan Stanley boosted their price target on Camden Property Trust from $117.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday. Royal Bank Of Canada upped their price target on Camden Property Trust from $104.00 to $105.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Wells Fargo & Company raised their price objective on Camden Property Trust from $106.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Stifel Nicolaus set a $118.75 price objective on Camden Property Trust in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $114.67.
Check Out Our Latest Research Report on Camden Property Trust
Camden Property Trust Company Profile
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
See Also
- Five stocks we like better than Camden Property Trust
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPT – Free Report).
Receive News & Ratings for Camden Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
