CORDA Investment Management LLC. lifted its stake in shares of Camden Property Trust (NYSE:CPT – Free Report) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 433,749 shares of the real estate investment trust’s stock after buying an additional 6,836 shares during the quarter. Camden Property Trust makes up about 3.0% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 13th largest holding. CORDA Investment Management LLC.’s holdings in Camden Property Trust were worth $49,660,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in CPT. Clearstead Advisors LLC boosted its stake in Camden Property Trust by 92.0% during the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 138 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Camden Property Trust in the 2nd quarter worth about $32,000. Fulcrum Asset Management LLP bought a new stake in shares of Camden Property Trust in the 3rd quarter worth about $32,000. MUFG Securities EMEA plc acquired a new stake in shares of Camden Property Trust in the 2nd quarter valued at about $35,000. Finally, Summit Securities Group LLC raised its stake in shares of Camden Property Trust by 169.6% in the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.
Camden Property Trust Stock Performance
CPT traded down $0.88 on Tuesday, hitting $104.81. 1,277,918 shares of the company’s stock were exchanged, compared to its average volume of 1,143,429. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average of $111.04 and a two-hundred day moving average of $107.47. Camden Property Trust has a twelve month low of $96.53 and a twelve month high of $119.81. The firm has a market cap of $10.54 billion, a PE ratio of 34.71, a P/E/G ratio of 7.49 and a beta of 0.77.
Camden Property Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. Camden Property Trust’s dividend payout ratio is presently 140.40%.
Analyst Ratings Changes
CPT has been the subject of a number of research reports. UBS Group decreased their price target on Camden Property Trust from $108.00 to $106.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Truist Financial upped their price objective on Camden Property Trust from $118.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Weiss Ratings raised Camden Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Piper Sandler lifted their target price on Camden Property Trust from $108.00 to $119.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, Evercore set a $114.00 price target on Camden Property Trust in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.52.
View Our Latest Report on Camden Property Trust
About Camden Property Trust
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.
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