Toronto Dominion Bank Lowers Stake in Camden Property Trust (NYSE:CPT)

Toronto Dominion Bank lessened its holdings in Camden Property Trust (NYSE:CPT) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,979 shares of the real estate investment trust’s stock after selling 8,267 shares during the period. Toronto Dominion Bank’s holdings in Camden Property Trust were worth $5,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of Camden Property Trust during the 4th quarter worth approximately $161,000. Steward Partners Investment Advisory LLC boosted its stake in Camden Property Trust by 292.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,834 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 2,856 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Camden Property Trust by 6.1% during the 4th quarter. TD Asset Management Inc now owns 35,248 shares of the real estate investment trust’s stock worth $3,500,000 after acquiring an additional 2,039 shares during the period. Treasurer of the State of North Carolina raised its stake in Camden Property Trust by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 47,369 shares of the real estate investment trust’s stock worth $4,703,000 after purchasing an additional 450 shares during the period. Finally, Bank of Nova Scotia grew its stake in shares of Camden Property Trust by 30.9% in the 4th quarter. Bank of Nova Scotia now owns 13,765 shares of the real estate investment trust’s stock valued at $1,367,000 after buying an additional 3,246 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Price Performance

CPT stock opened at $123.71 on Friday. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $127.69. The firm has a market capitalization of $13.18 billion, a P/E ratio of 30.32, a P/E/G ratio of 4.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The business’s 50-day moving average is $120.72 and its two-hundred day moving average is $109.60.

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

Camden Property Trust Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on CPT shares. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price target for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Piper Sandler upped their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Evercore ISI raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Scotiabank upped their target price on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. Finally, UBS Group lifted their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $121.69.

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 58,250 apartment homes across the United States.