Camden Property Trust $CPT Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 1,084.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,886 shares of the real estate investment trust’s stock after acquiring an additional 56,662 shares during the period. Maryland State Retirement & Pension System’s holdings in Camden Property Trust were worth $5,986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in shares of Camden Property Trust by 907.5% during the 3rd quarter. Sterling Capital Management LLC now owns 29,862 shares of the real estate investment trust’s stock worth $2,889,000 after buying an additional 26,898 shares during the period. IFP Advisors Inc grew its stake in Camden Property Trust by 80,855.8% in the 3rd quarter. IFP Advisors Inc now owns 62,336 shares of the real estate investment trust’s stock valued at $6,030,000 after acquiring an additional 62,259 shares during the period. Squarepoint Ops LLC grew its stake in Camden Property Trust by 3,804.2% in the 2nd quarter. Squarepoint Ops LLC now owns 107,327 shares of the real estate investment trust’s stock valued at $12,288,000 after acquiring an additional 104,578 shares during the period. Crossmark Global Holdings Inc. grew its stake in Camden Property Trust by 908.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,758 shares of the real estate investment trust’s stock valued at $5,007,000 after acquiring an additional 46,626 shares during the period. Finally, Krilogy Financial LLC purchased a new stake in Camden Property Trust in the 3rd quarter worth $1,454,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CPT shares. Truist Financial reduced their price objective on shares of Camden Property Trust from $123.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Deutsche Bank reaffirmed a “hold” rating and set a $114.00 price objective on shares of Camden Property Trust in a report on Monday, July 20th. Royal Bank Of Canada dropped their target price on shares of Camden Property Trust from $111.00 to $101.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 13th. Piper Sandler cut their target price on shares of Camden Property Trust from $119.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Finally, Wall Street Zen raised shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 7th. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $108.73.

Camden Property Trust Stock Down 0.7%

Shares of NYSE:CPT opened at $98.41 on Friday. The company has a quick ratio of 0.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.91. Camden Property Trust has a 52-week low of $95.30 and a 52-week high of $119.81. The business has a fifty day moving average of $100.02 and a two-hundred day moving average of $105.67. The stock has a market cap of $9.85 billion, a P/E ratio of 9.17, a PEG ratio of 10.55 and a beta of 0.75.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.02. The company had revenue of $381.06 million for the quarter, compared to analyst estimates of $384.88 million. Camden Property Trust had a net margin of 71.94% and a return on equity of 26.22%. Camden Property Trust’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 EPS. On average, research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were paid a $1.06 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 annualized dividend and a dividend yield of 4.3%. Camden Property Trust’s payout ratio is 39.52%.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas. Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.