Dimension Capital Management LLC Takes Position in Camden Property Trust (NYSE:CPT)

Dimension Capital Management LLC acquired a new position in Camden Property Trust (NYSE:CPT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,204 shares of the real estate investment trust's stock, valued at approximately $459,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in shares of 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 worth $27,000 after acquiring an additional 132 shares in the last quarter. Kings Path Partners LLC acquired a new stake in Camden Property Trust in the second quarter valued at $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust in the second quarter valued at $33,000. Family Firm Inc. purchased a new stake in shares of Camden Property Trust in the 2nd quarter worth about $39,000. Finally, Versant Capital Management Inc grew 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 acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Trading Down 0.9 %

Camden Property Trust stock traded down $1.13 during midday trading on Thursday, reaching $125.03. The stock had a trading volume of 357,830 shares, compared to its average volume of 1,005,314. The stock has a market capitalization of $13.32 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. The stock's 50-day simple moving average is $120.27 and its 200 day simple moving average is $109.26. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued 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). 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 quarter in the previous year, the firm posted $1.70 EPS. Analysts expect that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust's dividend payout ratio (DPR) is presently 100.98%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CPT shares. Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Wells Fargo & Company upgraded Camden Property Trust from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $104.00 to $127.00 in a report on Monday, August 26th. Wedbush boosted their price target on Camden Property Trust from $118.00 to $131.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Mizuho dropped their price objective on Camden Property Trust from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, May 30th. Finally, Royal Bank of Canada lowered shares of Camden Property Trust from an "outperform" rating to a "sector perform" rating and set a $122.00 target price on the stock. in a report on Monday, September 9th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus 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.