Machina Capital S.A.S. Makes New Investment in Camden Property Trust $CPT

Machina Capital S.A.S. purchased a new stake in Camden Property Trust (NYSE:CPT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,625 shares of the real estate investment trust’s stock, valued at approximately $814,000.

A number of other institutional investors also recently modified their holdings of CPT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Camden Property Trust by 1.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,453 shares of the real estate investment trust’s stock valued at $2,257,000 after buying an additional 336 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Camden Property Trust by 2.4% in the first quarter. Focus Partners Wealth now owns 7,573 shares of the real estate investment trust’s stock worth $926,000 after acquiring an additional 175 shares during the period. Truist Financial Corp grew its position in shares of Camden Property Trust by 759.2% in the second quarter. Truist Financial Corp now owns 34,221 shares of the real estate investment trust’s stock valued at $3,856,000 after purchasing an additional 30,238 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Camden Property Trust by 0.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,395 shares of the real estate investment trust’s stock valued at $2,073,000 after purchasing an additional 103 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in Camden Property Trust by 14.7% during the 2nd quarter. QRG Capital Management Inc. now owns 22,169 shares of the real estate investment trust’s stock worth $2,498,000 after purchasing an additional 2,849 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $108.63 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.13 and a quick ratio of 0.13. The business’s 50 day simple moving average is $107.48 and its two-hundred day simple moving average is $106.67. The stock has a market capitalization of $11.56 billion, a P/E ratio of 43.98, a price-to-earnings-growth ratio of 8.49 and a beta of 0.82. Camden Property Trust has a one year low of $97.17 and a one year high of $126.55.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.02. Camden Property Trust had a net margin of 17.15% and a return on equity of 5.75%. The firm had revenue of $398.24 million for the quarter, compared to analysts’ expectations of $397.89 million. During the same quarter last year, the business earned $1.71 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 17th were given a $1.05 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.9%. Camden Property Trust’s payout ratio is presently 170.04%.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of recent analyst reports. Royal Bank Of Canada reduced their target price on Camden Property Trust from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Monday, November 10th. Morgan Stanley reduced their price objective on shares of Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Wall Street Zen cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Barclays upped their price target on shares of Camden Property Trust from $118.00 to $119.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Piper Sandler set a $108.00 price objective on Camden Property Trust in a research note on Tuesday, January 27th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $117.34.

Insider Activity

In other news, Director Heather J. Brunner sold 2,104 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $109.69, for a total transaction of $230,787.76. Following the completion of the sale, the director directly owned 10,205 shares in the company, valued at approximately $1,119,386.45. This represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Laurie Baker sold 531 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $109.79, for a total value of $58,298.49. Following the transaction, the chief operating officer owned 96,786 shares in the company, valued at approximately $10,626,134.94. This represents a 0.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 52,288 shares of company stock valued at $5,741,857. 1.80% of the stock is currently owned by insiders.

Camden Property Trust Company Profile

Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.

Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.