Focus Partners Advisor Solutions LLC Takes Position in Camden Property Trust $CPT

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,396 shares of the real estate investment trust’s stock, valued at approximately $270,000.

Other large investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its position in Camden Property Trust by 45.7% in the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 101 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in Camden Property Trust in the 1st quarter worth approximately $37,000. National Pension Service increased its stake in Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 167 shares during the period. Private Trust Co. NA increased its stake in Camden Property Trust by 117.7% in the 2nd quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 233 shares during the period. Finally, Allworth Financial LP increased its stake in Camden Property Trust by 47.4% in the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 158 shares during the period. Institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

CPT has been the subject of a number of recent analyst reports. Truist Financial decreased their target price on Camden Property Trust from $131.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, August 27th. UBS Group reduced their price target on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their target price on Camden Property Trust from $120.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. Finally, Barclays lowered their price target on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.61.

Camden Property Trust Stock Performance

NYSE CPT opened at $99.51 on Friday. The stock has a market capitalization of $10.63 billion, a PE ratio of 69.59, a P/E/G ratio of 3.31 and a beta of 0.80. The business has a 50 day simple moving average of $106.04 and a two-hundred day simple moving average of $111.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. Camden Property Trust has a 1-year low of $97.17 and a 1-year high of $127.65.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. The business had revenue of $396.51 million during the quarter, compared to analysts’ expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%.The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. On average, research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, September 30th. Camden Property Trust’s dividend payout ratio is currently 293.71%.

About Camden Property Trust

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 58,250 apartment homes across the United States.