Camden Property Trust (NYSE:CPT) Shares Acquired by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 61.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,486 shares of the real estate investment trust’s stock after purchasing an additional 7,825 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Camden Property Trust were worth $2,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPT. Lindbrook Capital LLC raised its stake in Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 132 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Camden Property Trust during the second quarter worth approximately $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust during the second quarter worth $33,000. Family Firm Inc. purchased a new position in Camden Property Trust in the 2nd quarter valued at $39,000. Finally, Versant Capital Management Inc increased its stake in Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Down 0.5 %

Shares of NYSE:CPT opened at $123.71 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a market cap of $13.18 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 4.76 and a beta of 0.90. The stock’s 50-day moving average price is $120.72 and its two-hundred day moving average price is $109.60. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. During the same quarter in the previous year, the firm posted $1.70 earnings per share. On average, research analysts forecast that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $1.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.33%. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPT. Piper Sandler increased their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. UBS Group increased their price objective on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Truist Financial increased their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada downgraded shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price objective on the stock. in a report on Monday, September 9th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and an average price target of $121.69.

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 58,250 apartment homes across the United States.