Bellwether Advisors LLC Invests $31,000 in Camden Property Trust (NYSE:CPT)

Bellwether Advisors LLC bought a new position in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 270 shares of the real estate investment trust’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPT. Federated Hermes Inc. boosted its stake in shares of Camden Property Trust by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 90 shares in the last quarter. UMB Bank n.a. raised its holdings in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares during the last quarter. First American Bank raised its holdings in Camden Property Trust by 1.0% in the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after buying an additional 104 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Camden Property Trust by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after buying an additional 105 shares during the last quarter. Finally, Doliver Advisors LP raised its holdings in Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 113 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $114.43 on Tuesday. The firm has a market capitalization of $12.45 billion, a PE ratio of 76.29, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The firm has a fifty day simple moving average of $117.34 and a two-hundred day simple moving average of $117.55. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12 month low of $98.00 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is 280.00%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $125.00 to $138.00 in a report on Friday, March 28th. Evercore ISI raised their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Mizuho dropped their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, Truist Financial raised their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $127.61.

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 58,250 apartment homes across the United States.