Quantinno Capital Management LP Cuts Stake in Camden Property Trust $CPT

Quantinno Capital Management LP lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505,578 shares of the real estate investment trust’s stock after selling 8,542 shares during the period. Quantinno Capital Management LP owned 0.50% of Camden Property Trust worth $49,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CPT. Entropy Technologies LP purchased a new position in Camden Property Trust during the first quarter valued at $357,000. Renaissance Technologies LLC lifted its stake in Camden Property Trust by 49.7% in the 1st quarter. Renaissance Technologies LLC now owns 466,800 shares of the real estate investment trust’s stock worth $45,588,000 after purchasing an additional 154,900 shares in the last quarter. Compound Planning Inc. lifted its stake in Camden Property Trust by 14.9% in the 1st quarter. Compound Planning Inc. now owns 2,915 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 379 shares in the last quarter. Inceptionr LLC boosted its holdings in shares of Camden Property Trust by 325.8% during the 1st quarter. Inceptionr LLC now owns 19,167 shares of the real estate investment trust’s stock valued at $1,872,000 after purchasing an additional 14,666 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Camden Property Trust by 27.1% during the 1st quarter. Sei Investments Co. now owns 81,788 shares of the real estate investment trust’s stock valued at $7,988,000 after purchasing an additional 17,443 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

NYSE:CPT opened at $116.44 on Thursday. The firm has a market capitalization of $11.70 billion, a PE ratio of 32.53, a PEG ratio of 8.86 and a beta of 0.78. The stock’s fifty day moving average is $112.31 and its 200 day moving average is $107.41. Camden Property Trust has a fifty-two week low of $96.53 and a fifty-two week high of $119.81. 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 (NYSE:CPT) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.28 by $0.12. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The company had revenue of $390.92 million during the quarter, compared to analyst estimates of $378.11 million. During the same period in the previous year, the firm earned $1.72 earnings per share. Camden Property Trust’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that Camden Property Trust will post 6.66 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.6%. Camden Property Trust’s payout ratio is currently 118.44%.

Analysts Set New Price Targets

CPT has been the topic of several research reports. Piper Sandler lifted their target price on Camden Property Trust from $108.00 to $119.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Stifel Nicolaus set a $118.75 price target on Camden Property Trust in a research note on Friday, May 1st. Barclays raised their price target on Camden Property Trust from $116.00 to $122.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $114.00 price objective on shares of Camden Property Trust in a research note on Monday, July 20th. Finally, Wall Street Zen cut Camden Property Trust from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $116.40.

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.