112,160 Camden Property Trust $CPT Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its holdings in shares of Camden Property Trust (NYSE:CPT) by 681.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,628 shares of the real estate investment trust’s stock after buying an additional 112,160 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Camden Property Trust were worth $12,442,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPT. Kings Path Partners LLC bought a new stake in shares of Camden Property Trust in the third quarter valued at approximately $29,000. James T. Borello RIA increased its position in Camden Property Trust by 76.3% during the third quarter. James T. Borello RIA now owns 409 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 177 shares during the period. Integrated Wealth Concepts LLC bought a new position in Camden Property Trust during the second quarter worth $55,000. Western Wealth Management LLC acquired a new position in Camden Property Trust during the 1st quarter valued at $55,000. Finally, Dynamic Wealth Strategies LLC acquired a new position in Camden Property Trust during the 3rd quarter valued at $66,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Stifel Nicolaus set a $123.25 price target on shares of Camden Property Trust in a report on Friday, July 31st. Mizuho dropped their price objective on shares of Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a report on Tuesday, September 8th. Jefferies Financial Group upgraded shares of Camden Property Trust to a “hold” rating in a report on Wednesday, July 22nd. Truist Financial cut their price objective on shares of Camden Property Trust from $123.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Finally, Wall Street Zen upgraded shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $111.35.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $99.89 on Wednesday. Camden Property Trust has a 1-year low of $95.30 and a 1-year high of $119.81. The firm has a market capitalization of $10.00 billion, a PE ratio of 14.64, a PEG ratio of 7.46 and a beta of 0.75. The business’s 50 day moving average is $100.30 and its 200-day moving average is $105.76. The company has a current ratio of 1.82, a quick ratio of 0.18 and a debt-to-equity ratio of 0.91.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data 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. The business had revenue of $381.06 million for the quarter, compared to analysts’ expectations of $384.88 million. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. Camden Property Trust’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 earnings per share. Sell-side analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were paid 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 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.