Cookson Peirce & Co. Inc. Buys Shares of 6,389 Camden Property Trust (NYSE:CPT)

Cookson Peirce & Co. Inc. bought a new stake in shares of Camden Property Trust (NYSE:CPT) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,389 shares of the real estate investment trust’s stock, valued at approximately $781,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPT. Federated Hermes Inc. lifted its stake in 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 during the last quarter. Renaissance Technologies LLC acquired a new stake in Camden Property Trust during the fourth quarter valued at approximately $4,885,000. Raymond James Financial Inc. acquired a new stake in Camden Property Trust during the fourth quarter valued at approximately $17,616,000. Townsquare Capital LLC lifted its stake in Camden Property Trust by 20.7% during the fourth quarter. Townsquare Capital LLC now owns 2,868 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 491 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in Camden Property Trust by 32.1% during the fourth quarter. Jump Financial LLC now owns 20,777 shares of the real estate investment trust’s stock valued at $2,411,000 after purchasing an additional 5,051 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPT has been the topic of a number of recent analyst reports. Piper Sandler cut their price target on shares of Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Barclays cut their price target on shares of Camden Property Trust from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group cut their price target on shares of Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Mizuho cut their price target on shares of Camden Property Trust from $130.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, May 23rd. Finally, Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the company a “buy” rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average target price of $124.94.

Camden Property Trust Stock Performance

Shares of CPT opened at $106.07 on Friday. The company’s fifty day moving average is $112.77 and its 200-day moving average is $115.61. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 74.17, a price-to-earnings-growth ratio of 3.63 and a beta of 0.78. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping the consensus estimate of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same quarter in the prior year, the business posted $1.71 EPS. Camden Property Trust’s quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. Camden Property Trust’s dividend payout ratio is 293.71%.

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.