Xponance Inc. Cuts Holdings in Camden Property Trust (NYSE:CPT)

Xponance Inc. lowered its stake in Camden Property Trust (NYSE:CPT) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,284 shares of the real estate investment trust’s stock after selling 1,498 shares during the period. Xponance Inc.’s holdings in Camden Property Trust were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Camden Property Trust by 41.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock valued at $382,575,000 after purchasing an additional 1,187,974 shares in the last quarter. Boston Trust Walden Corp purchased a new position in Camden Property Trust in the third quarter valued at $17,992,000. MBB Public Markets I LLC raised its stake in Camden Property Trust by 201.2% in the third quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after buying an additional 156,985 shares in the last quarter. Invesco Ltd. lifted its holdings in Camden Property Trust by 13.2% during the 3rd quarter. Invesco Ltd. now owns 1,273,151 shares of the real estate investment trust’s stock worth $120,415,000 after buying an additional 148,809 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in shares of Camden Property Trust during the 4th quarter worth about $11,868,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

NYSE:CPT opened at $98.85 on Thursday. 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 firm has a market cap of $10.76 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 3.68 and a beta of 0.83. The firm’s fifty day moving average price is $97.14 and its 200 day moving average price is $95.12. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04.

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

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio is 111.35%.

Analyst Upgrades and Downgrades

CPT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Camden Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. Morgan Stanley boosted their price objective on shares of 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. Piper Sandler reaffirmed an “underweight” rating and issued a $90.00 target price on shares of Camden Property Trust in a research report on Tuesday, March 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $103.00 price target on shares of Camden Property Trust in a research note on Monday, February 5th. Finally, Barclays downgraded shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus 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.