Capital Square LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 5,393 shares of the real estate investment trust’s stock, valued at approximately $609,000.
A number of other institutional investors have also modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Camden Property Trust in the 2nd quarter worth approximately $126,000. Tema ETFs LLC lifted its position in Camden Property Trust by 21.7% during the second quarter. Tema ETFs LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 348 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Camden Property Trust by 10.0% during the second quarter. Handelsbanken Fonder AB now owns 30,900 shares of the real estate investment trust’s stock valued at $3,538,000 after acquiring an additional 2,800 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in Camden Property Trust by 19.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 6,529 shares of the real estate investment trust’s stock valued at $748,000 after acquiring an additional 1,058 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its stake in Camden Property Trust by 18.9% in the second quarter. Reinhart Partners LLC. now owns 60,264 shares of the real estate investment trust’s stock valued at $6,900,000 after acquiring an additional 9,576 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.
Camden Property Trust Stock Down 0.0%
CPT stock opened at $107.54 on Monday. The stock has a market capitalization of $10.81 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 7.63 and a beta of 0.77. Camden Property Trust has a 52 week low of $96.53 and a 52 week high of $119.81. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $112.22 and a 200 day moving average of $107.60.
Camden Property Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Camden Property Trust’s dividend payout ratio is presently 140.40%.
Analyst Ratings Changes
Several research firms have issued reports on CPT. Evercore set a $114.00 price target on shares of Camden Property Trust in a report on Friday, August 7th. Jefferies Financial Group upgraded Camden Property Trust to a “hold” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald raised their price objective on Camden Property Trust from $102.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $114.00 target price on shares of Camden Property Trust in a research note on Monday, July 20th. Finally, Royal Bank Of Canada upped their target price on Camden Property Trust from $104.00 to $105.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $116.27.
Read Our Latest Stock 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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