Capital Square LLC purchased a new position in shares of Camden Property Trust (NYSE:CPT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,393 shares of the real estate investment trust’s stock, valued at approximately $609,000.
Other hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Camden Property Trust by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,453 shares of the real estate investment trust’s stock valued at $2,257,000 after buying an additional 336 shares during the period. Focus Partners Wealth grew its stake in shares of Camden Property Trust by 2.4% during the first quarter. Focus Partners Wealth now owns 7,573 shares of the real estate investment trust’s stock valued at $926,000 after buying an additional 175 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Camden Property Trust by 4.8% in the second quarter. Baird Financial Group Inc. now owns 4,600 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 210 shares during the period. Walleye Capital LLC purchased a new stake in shares of Camden Property Trust in the second quarter worth approximately $219,000. Finally, Federated Hermes Inc. lifted its stake in shares of Camden Property Trust by 265.0% during the 2nd quarter. Federated Hermes Inc. now owns 4,917 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 3,570 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.
Camden Property Trust Stock Down 0.0%
Shares of Camden Property Trust stock opened at $107.54 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a 1 year low of $96.53 and a 1 year high of $119.81. The firm’s 50-day moving average is $112.22 and its two-hundred day moving average is $107.60. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 7.63 and a beta of 0.77.
Camden Property Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Camden Property Trust’s dividend payout ratio (DPR) is 140.40%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Scotiabank upped their price objective on Camden Property Trust from $102.00 to $109.00 and gave the company a “sector underperform” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Mizuho boosted their target price on shares of Camden Property Trust from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Truist Financial upped their price target on shares of Camden Property Trust from $118.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Evercore set a $114.00 price target on shares of Camden Property Trust in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $116.27.
Get Our Latest Research Report 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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