Camden Property Trust $CPT Stock: Carret Asset Management LLC Raises Position

Carret Asset Management LLC increased its stake in shares of Camden Property Trust (NYSE:CPT) by 114.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,754 shares of the real estate investment trust’s stock after acquiring an additional 5,200 shares during the period. Carret Asset Management LLC’s holdings in Camden Property Trust were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Formidable Asset Management LLC purchased a new stake in Camden Property Trust in the 3rd quarter worth approximately $189,000. Alps Advisors Inc. lifted its stake in shares of Camden Property Trust by 777.5% in the 3rd quarter. Alps Advisors Inc. now owns 69,558 shares of the real estate investment trust’s stock valued at $6,728,000 after purchasing an additional 61,631 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in Camden Property Trust by 1,188.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 51,313 shares of the real estate investment trust’s stock worth $4,964,000 after buying an additional 47,330 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Camden Property Trust by 303.3% during the third quarter. Calamos Advisors LLC now owns 371,431 shares of the real estate investment trust’s stock worth $35,929,000 after buying an additional 279,336 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in Camden Property Trust by 3,858.4% during the third quarter. Kestra Advisory Services LLC now owns 216,448 shares of the real estate investment trust’s stock worth $20,937,000 after buying an additional 210,980 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Camden Property Trust from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Jefferies Financial Group upgraded shares of Camden Property Trust to a “hold” rating in a research report on Wednesday, July 22nd. UBS Group decreased their price objective on shares of Camden Property Trust from $105.00 to $101.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Piper Sandler lowered their target price on shares of Camden Property Trust from $119.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Finally, Mizuho dropped their target price on Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 8th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.95.

Camden Property Trust Trading Up 0.7%

Shares of CPT stock opened at $100.09 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 7.77 and a beta of 0.75. The stock has a 50 day simple moving average of $100.42 and a 200-day simple moving average of $105.79. Camden Property Trust has a 1-year low of $95.30 and a 1-year high of $119.81.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The firm had revenue of $381.06 million for the quarter, compared to analyst estimates of $384.88 million. During the same quarter last year, the firm posted $1.70 EPS. The business’s revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Camden Property Trust will post 6.75 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.06 per share. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a yield of 4.2%. Camden Property Trust’s dividend payout ratio is currently 39.52%.

Camden Property Trust Profile

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas.

Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.