Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Holdings in Camden Property Trust (NYSE:CPT)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Camden Property Trust (NYSE:CPT) by 5.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 73,706 shares of the real estate investment trust’s stock after selling 3,978 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Camden Property Trust were worth $7,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPT. 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 valued at $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 valued at $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 valued at $38,000 after buying an additional 375 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in Camden Property Trust in the fourth quarter worth $45,000. Finally, Belpointe Asset Management LLC increased its stake in Camden Property Trust by 175.5% in the first quarter. Belpointe Asset Management LLC now owns 449 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 286 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 1.0 %

Shares of NYSE:CPT opened at $96.29 on Friday. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 3.58 and a beta of 0.83. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $96.92 and a 200-day moving average price of $95.07.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The firm had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. During the same period last 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 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. Investors of record on Friday, March 29th were given a dividend of $1.03 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio (DPR) is currently 111.35%.

Analyst Ratings Changes

A number of analysts have weighed in on CPT shares. Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th. Mizuho dropped their price target on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley increased their price target on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.29.

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 58,634 apartment homes across the United States.