GAMMA Investing LLC Invests $154,000 in Camden Property Trust (NYSE:CPT)

GAMMA Investing LLC acquired a new position in Camden Property Trust (NYSE:CPT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,640 shares of the real estate investment trust’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPT. CWM LLC boosted its holdings in shares of Camden Property Trust by 26.0% in the 3rd quarter. CWM LLC now owns 2,227 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 459 shares in the last quarter. Czech National Bank boosted its holdings in shares of Camden Property Trust by 47.6% in the 3rd quarter. Czech National Bank now owns 18,661 shares of the real estate investment trust’s stock worth $1,765,000 after purchasing an additional 6,022 shares in the last quarter. Ballentine Partners LLC purchased a new stake in Camden Property Trust during the 3rd quarter valued at about $444,000. Sunesis Advisors LLC purchased a new stake in Camden Property Trust during the 3rd quarter valued at about $588,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Camden Property Trust by 18.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 366 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Up 1.4 %

Camden Property Trust stock opened at $99.62 on Friday. The stock has a market cap of $10.84 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The stock has a fifty day moving average of $97.25 and a 200 day moving average of $95.17.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The company had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. Camden Property Trust’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 earnings per share. As a group, sell-side analysts predict that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a $1.03 dividend. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.12 dividend on an annualized basis and a yield of 4.14%. Camden Property Trust’s dividend payout ratio is presently 111.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CPT shares. Piper Sandler restated an “underweight” rating and set a $90.00 target price on shares of Camden Property Trust in a report on Tuesday, March 26th. Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $138.00 to $100.00 in a research report on Tuesday, February 20th. Mizuho dropped their target price on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Morgan Stanley boosted their target price on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Finally, StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.29.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.