Mangrove Partners IM LLC purchased a new position in shares of Camden Property Trust (NYSE:CPT – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 9,870 shares of the real estate investment trust’s stock, valued at approximately $1,086,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC grew its holdings in Camden Property Trust by 1.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,074 shares of the real estate investment trust’s stock worth $669,000 after acquiring an additional 93 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in Camden Property Trust by 2.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 4,900 shares of the real estate investment trust’s stock worth $539,000 after acquiring an additional 100 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Camden Property Trust by 38.1% during the 4th quarter. Hantz Financial Services Inc. now owns 388 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 107 shares in the last quarter. Norinchukin Bank The grew its holdings in Camden Property Trust by 1.0% during the 3rd quarter. Norinchukin Bank The now owns 11,178 shares of the real estate investment trust’s stock worth $1,194,000 after acquiring an additional 107 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in Camden Property Trust by 5.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,157 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
Camden Property Trust Trading Down 1.1%
Shares of Camden Property Trust stock opened at $112.30 on Wednesday. The company has a fifty day simple moving average of $105.96 and a 200-day simple moving average of $106.01. Camden Property Trust has a 12-month low of $96.53 and a 12-month high of $117.50. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.04. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 8.58 and a beta of 0.80.
Camden Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 118.44%.
Analyst Ratings Changes
Several research analysts have commented on the stock. Scotiabank cut shares of Camden Property Trust from a “sector perform” rating to a “sector underperform” rating and lowered their price target for the stock from $113.00 to $95.00 in a report on Thursday, May 14th. Evercore set a $113.00 price target on shares of Camden Property Trust in a report on Monday, June 8th. Wall Street Zen upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada upped their target price on shares of Camden Property Trust from $104.00 to $105.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. Finally, Truist Financial upped their target price on shares of Camden Property Trust from $118.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $114.05.
Get Our Latest Analysis on CPT
About Camden Property Trust
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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