Camden Property Trust (NYSE:CPT) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 0.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,866 shares of the real estate investment trust’s stock after acquiring an additional 118 shares during the period. IFM Investors Pty Ltd’s holdings in Camden Property Trust were worth $1,758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in shares of Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 144 shares in the last quarter. Tobam raised its position in shares of Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 375 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 119 shares in the last quarter. Quarry LP raised its position in shares of Camden Property Trust by 1,081.5% during the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 584 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust during the 3rd quarter worth about $69,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $1.41 during trading on Friday, reaching $99.62. The company’s stock had a trading volume of 873,103 shares, compared to its average volume of 841,723. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The company has a market capitalization of $10.84 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 3.74 and a beta of 0.83. The business has a 50 day moving average price of $97.32 and a 200-day moving average price of $95.18.

Camden Property Trust (NYSE:CPT) last posted 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 company 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%. Camden Property Trust’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.14%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Camden Property Trust’s payout ratio is presently 111.35%.

Wall Street Analyst Weigh In

CPT has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. Mizuho cut their price target on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Piper Sandler reaffirmed an “underweight” rating and set a $90.00 price target on shares of Camden Property Trust in a research report on Tuesday, March 26th. Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $138.00 to $100.00 in a research report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and an average price target of $104.29.

Camden Property Trust 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.