Geode Capital Management LLC Has $200.61 Million Stake in Camden Property Trust (NYSE:CPT)

Geode Capital Management LLC increased its position in Camden Property Trust (NYSE:CPT) by 4.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,513,930 shares of the real estate investment trust’s stock after purchasing an additional 63,321 shares during the period. Geode Capital Management LLC owned about 1.51% of Camden Property Trust worth $200,607,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in Camden Property Trust by 133.3% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 189 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 108 shares during the period. FFT Wealth Management LLC acquired a new stake in shares of Camden Property Trust during the 2nd quarter valued at $29,000. Baldrige Asset Management LLC acquired a new stake in shares of Camden Property Trust during the 2nd quarter valued at $32,000. Quadrant Capital Group LLC boosted its stake in shares of Camden Property Trust by 36.2% during the 1st quarter. Quadrant Capital Group LLC now owns 395 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 105 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Camden Property Trust during the 2nd quarter valued at $58,000. 95.61% of the stock is owned by hedge funds and other institutional investors.

Shares of CPT opened at $156.75 on Thursday. The company has a market capitalization of $15.77 billion, a PE ratio of 125.40, a price-to-earnings-growth ratio of 16.12 and a beta of 0.73. Camden Property Trust has a one year low of $86.78 and a one year high of $156.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.80 and a quick ratio of 1.80. The company’s fifty day moving average price is $149.17 and its 200 day moving average price is $135.81.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 29th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.97). Camden Property Trust had a return on equity of 3.50% and a net margin of 11.73%. Analysts anticipate that Camden Property Trust will post 5.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 18th. Shareholders of record on Thursday, September 30th will be given a $0.83 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $3.32 annualized dividend and a yield of 2.12%. Camden Property Trust’s dividend payout ratio is 67.76%.

In other Camden Property Trust news, Vice Chairman D Keith Oden sold 14,424 shares of the firm’s stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $148.62, for a total value of $2,143,694.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard J. Campo sold 14,409 shares of Camden Property Trust stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $148.62, for a total transaction of $2,141,465.58. The disclosure for this sale can be found here. Insiders sold a total of 86,208 shares of company stock worth $12,826,682 over the last 90 days. Company insiders own 2.80% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Truist Securities lifted their target price on shares of Camden Property Trust from $138.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 25th. Bank of America raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $160.00 to $178.00 in a research note on Monday, September 27th. Piper Sandler lifted their target price on shares of Camden Property Trust from $140.00 to $178.00 and gave the company an “overweight” rating in a research note on Wednesday, September 1st. Truist lifted their target price on shares of Camden Property Trust from $138.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 25th. Finally, Wells Fargo & Company lifted their target price on shares of Camden Property Trust from $144.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 26th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Camden Property Trust currently has an average rating of “Buy” and an average price target of $149.00.

About Camden Property Trust

Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It focuses on maintaining a geographically portfolio of apartment homes located across the U.S.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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