Camden Property Trust (NYSE:CPT) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,047,742 shares of the real estate investment trust’s stock after purchasing an additional 50,050 shares during the period. Alliancebernstein L.P. owned approximately 1.03% of Camden Property Trust worth $154,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in Camden Property Trust by 133.3% during the second quarter. O Shaughnessy Asset Management LLC now owns 189 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 108 shares during the period. Activest Wealth Management acquired a new position in Camden Property Trust during the second quarter worth about $27,000. Norway Savings Bank acquired a new position in Camden Property Trust during the third quarter worth about $38,000. Farmers & Merchants Investments Inc. acquired a new position in Camden Property Trust during the third quarter worth about $40,000. Finally, Advisory Services Network LLC acquired a new position in Camden Property Trust during the second quarter worth about $58,000. 93.11% of the stock is currently owned by institutional investors.

In other Camden Property Trust news, Vice Chairman D Keith Oden sold 72,267 shares of Camden Property Trust stock in a transaction that occurred on Tuesday, January 4th. The stock was sold at an average price of $176.99, for a total value of $12,790,536.33. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael P. Gallagher sold 907 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $163.37, for a total value of $148,176.59. The disclosure for this sale can be found here. Insiders sold a total of 207,530 shares of company stock worth $36,241,226 over the last three months. 2.80% of the stock is owned by company insiders.

A number of research analysts recently issued reports on CPT shares. BTIG Research reaffirmed a “hold” rating on shares of Camden Property Trust in a report on Tuesday, November 23rd. Stifel Nicolaus started coverage on Camden Property Trust in a report on Tuesday, December 7th. They set a “buy” rating and a $192.00 target price on the stock. Truist lifted their target price on Camden Property Trust from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, December 6th. Bank of America upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $160.00 to $178.00 in a research report on Monday, September 27th. Finally, Wells Fargo & Company increased their price target on Camden Property Trust from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, November 22nd. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $164.29.

CPT opened at $165.59 on Friday. Camden Property Trust has a fifty-two week low of $98.27 and a fifty-two week high of $180.37. The business has a 50-day moving average of $170.23 and a 200-day moving average of $156.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $16.92 billion, a PE ratio of 139.15, a price-to-earnings-growth ratio of 5.59 and a beta of 0.76.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($1.06). Camden Property Trust had a return on equity of 3.26% and a net margin of 10.93%. The firm had revenue of $294.10 million for the quarter, compared to analysts’ expectations of $285.35 million. During the same period last year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Camden Property Trust will post 5.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Thursday, December 16th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, December 15th. Camden Property Trust’s payout ratio is 278.99%.

Camden Property Trust Profile

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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