Y Intercept Hong Kong Ltd acquired a new stake in Camden Property Trust (NYSE:CPT – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 54,754 shares of the real estate investment trust’s stock, valued at approximately $5,347,000.
A number of other hedge funds have also recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in Camden Property Trust by 21.2% in the 3rd quarter. American Century Companies Inc. now owns 195,488 shares of the real estate investment trust’s stock worth $20,874,000 after purchasing an additional 34,204 shares during the period. Teacher Retirement System of Texas raised its position in shares of Camden Property Trust by 517.9% during the fourth quarter. Teacher Retirement System of Texas now owns 267,847 shares of the real estate investment trust’s stock valued at $29,485,000 after buying an additional 224,501 shares during the last quarter. Vert Asset Management LLC purchased a new position in shares of Camden Property Trust in the fourth quarter worth $3,150,000. Ceredex Value Advisors LLC lifted its holdings in shares of Camden Property Trust by 12.5% in the third quarter. Ceredex Value Advisors LLC now owns 145,400 shares of the real estate investment trust’s stock worth $15,526,000 after buying an additional 16,100 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Camden Property Trust during the third quarter worth $2,459,000. Institutional investors own 97.22% of the company’s stock.
Camden Property Trust Trading Down 0.0%
Shares of CPT opened at $117.20 on Friday. The company’s fifty day moving average is $108.89 and its 200 day moving average is $106.77. Camden Property Trust has a fifty-two week low of $96.53 and a fifty-two week high of $117.56. The stock has a market capitalization of $11.78 billion, a PE ratio of 32.74, a P/E/G ratio of 9.04 and a beta of 0.78. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.42 and a current ratio of 0.42.
Camden Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders 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 dividend yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Camden Property Trust’s dividend payout ratio is currently 118.44%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on CPT shares. Royal Bank Of Canada raised 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 research note on Monday, May 4th. Wall Street Zen cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Stifel Nicolaus set a $118.75 price objective on shares of Camden Property Trust in a report on Friday, May 1st. Cantor Fitzgerald cut their price objective on Camden Property Trust from $108.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, UBS Group reduced their target price on Camden Property Trust from $108.00 to $106.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Camden Property Trust has an average rating of “Hold” and an average target price of $114.67.
View Our Latest Analysis on Camden Property Trust
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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