Reinhart Partners LLC. raised its position in Camden Property Trust (NYSE:CPT – Free Report) by 18.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,264 shares of the real estate investment trust’s stock after purchasing an additional 9,576 shares during the quarter. Reinhart Partners LLC.’s holdings in Camden Property Trust were worth $6,900,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Camden Property Trust by 1.9% in the 1st 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 last quarter. Focus Partners Wealth boosted its position in Camden Property Trust by 2.4% during the 1st quarter. Focus Partners Wealth now owns 7,573 shares of the real estate investment trust’s stock worth $926,000 after acquiring an additional 175 shares during the last quarter. Baird Financial Group Inc. boosted its position in Camden Property Trust by 4.8% during the 2nd quarter. Baird Financial Group Inc. now owns 4,600 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 210 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $219,000. Finally, Federated Hermes Inc. grew 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 in the last quarter. 97.22% of the stock is currently owned by institutional investors.
Camden Property Trust Stock Performance
NYSE CPT opened at $111.86 on Friday. The firm has a market capitalization of $11.25 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 8.42 and a beta of 0.77. The company has a current ratio of 0.18, a quick ratio of 0.42 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average price is $112.88 and its two-hundred day moving average price is $107.57. Camden Property Trust has a 1 year low of $96.53 and a 1 year high of $119.81.
Camden Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were issued a dividend of $1.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a $4.24 dividend on an annualized basis and a yield of 3.8%. Camden Property Trust’s dividend payout ratio (DPR) is presently 140.40%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on CPT shares. Barclays boosted their price objective on shares of Camden Property Trust from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. UBS Group lowered their price target on shares of Camden Property Trust from $108.00 to $106.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Morgan Stanley increased their price objective on shares of Camden Property Trust from $117.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Wells Fargo & Company raised their price objective on Camden Property Trust from $107.00 to $113.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Camden Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $117.25.
Read Our Latest Report 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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