AQR Capital Management LLC Boosts Stock Position in Camden Property Trust (NYSE:CPT)

AQR Capital Management LLC grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,001 shares of the real estate investment trust’s stock after purchasing an additional 5,129 shares during the quarter. AQR Capital Management LLC’s holdings in Camden Property Trust were worth $9,701,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CPT. UMB Bank n.a. grew its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the period. National Pension Service purchased a new position in shares of Camden Property Trust during the 4th quarter valued at $26,000. Quent Capital LLC grew its stake in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust in the 4th quarter worth about $29,000. Finally, Bellwether Advisors LLC bought a new stake in Camden Property Trust in the 4th quarter valued at about $31,000. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Barclays cut their price target on Camden Property Trust from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Evercore ISI boosted their price objective on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Finally, Truist Financial raised their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $127.61.

Camden Property Trust Trading Down 0.2 %

Shares of CPT stock opened at $119.03 on Wednesday. The business has a 50-day moving average price of $116.79 and a two-hundred day moving average price of $117.43. Camden Property Trust has a 12-month low of $98.35 and a 12-month high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm has a market cap of $12.95 billion, a P/E ratio of 79.35, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Camden Property Trust’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Equities analysts anticipate 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 $1.05 dividend. The ex-dividend date was Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.53%. Camden Property Trust’s payout ratio is currently 385.32%.

About Camden Property Trust

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.