Simplicity Solutions LLC Makes New Investment in Camden Property Trust (NYSE:CPT)

Simplicity Solutions LLC bought a new position in shares of Camden Property Trust (NYSE:CPT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,613 shares of the real estate investment trust’s stock, valued at approximately $557,000.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in Camden Property Trust by 57.0% during the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 94 shares during the period. Parkside Financial Bank & Trust raised its holdings in Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 144 shares during the period. Tobam raised its holdings in Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 375 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Camden Property Trust by 100.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 223 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Trading Down 0.0 %

CPT stock opened at $95.31 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88. The company has a fifty day moving average price of $96.87 and a two-hundred day moving average price of $95.02. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 3.57 and a beta of 0.83.

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

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.32%. 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. Camden Property Trust’s payout ratio is 111.35%.

Analysts Set New Price Targets

CPT has been the topic of a number of recent research reports. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Morgan Stanley lifted their price objective on shares of Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Mizuho lowered their price objective on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price objective on the stock. Finally, Barclays downgraded shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently 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.