MQS Management LLC bought a new position in shares of Camden Property Trust (NYSE:CPT – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,181 shares of the real estate investment trust’s stock, valued at approximately $604,000.
A number of other institutional investors also recently modified their holdings of the business. Maverick Capital Ltd. acquired a new position in shares of Camden Property Trust in the fourth quarter valued at about $202,304,000. Norges Bank acquired a new stake in Camden Property Trust in the 4th quarter worth about $154,587,000. Viking Global Investors LP raised its stake in Camden Property Trust by 41.6% in the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock worth $410,755,000 after purchasing an additional 1,130,718 shares in the last quarter. Invesco Ltd. boosted its holdings in Camden Property Trust by 38.4% in the 4th quarter. Invesco Ltd. now owns 3,452,355 shares of the real estate investment trust’s stock valued at $380,035,000 after purchasing an additional 957,896 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Camden Property Trust by 64.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock valued at $232,698,000 after purchasing an additional 825,769 shares during the period. Institutional investors own 97.22% of the company’s stock.
Camden Property Trust Trading Down 1.8%
Shares of Camden Property Trust stock opened at $114.69 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.04. Camden Property Trust has a 12-month low of $96.53 and a 12-month high of $116.75. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 9.00 and a beta of 0.80. The firm’s 50-day moving average price is $108.06 and its two-hundred day moving average price is $106.52.
Camden Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.06 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.24 annualized dividend and a yield of 3.7%. Camden Property Trust’s dividend payout ratio is presently 118.44%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Camden Property Trust from $104.00 to $105.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Stifel Nicolaus set a $118.75 price target on Camden Property Trust in a research note on Friday, May 1st. Cantor Fitzgerald reduced their price target on Camden Property Trust from $108.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Barclays raised their price objective on Camden Property Trust from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $114.67.
View Our Latest Analysis on Camden Property Trust
Camden Property Trust Profile
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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