Highland Capital Management LLC Takes $826,000 Position in Camden Property Trust (NYSE:CPT)

Highland Capital Management LLC bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 6,687 shares of the real estate investment trust's stock, valued at approximately $826,000.

Other institutional investors have also modified their holdings of the company. Spirit of America Management Corp NY boosted its holdings in Camden Property Trust by 2.1% in the 3rd quarter. Spirit of America Management Corp NY now owns 9,600 shares of the real estate investment trust's stock worth $1,186,000 after acquiring an additional 200 shares during the period. International Assets Investment Management LLC purchased a new position in Camden Property Trust in the 3rd quarter worth approximately $41,210,000. U.S. Capital Wealth Advisors LLC boosted its holdings in Camden Property Trust by 4.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 46,652 shares of the real estate investment trust's stock worth $5,763,000 after acquiring an additional 2,006 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in Camden Property Trust in the 3rd quarter worth approximately $205,000. Finally, Private Advisor Group LLC purchased a new position in Camden Property Trust in the 3rd quarter worth approximately $210,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT stock traded down $2.06 on Friday, hitting $118.29. 474,585 shares of the stock traded hands, compared to its average volume of 985,843. The company has a market capitalization of $12.60 billion, a PE ratio of 28.99, a PEG ratio of 4.51 and a beta of 0.90. The company's fifty day moving average is $122.43 and its 200 day moving average is $112.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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 company had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter in the previous year, the business posted $1.70 earnings per share. On average, equities research analysts predict that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's payout ratio is 100.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BNP Paribas assumed coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a "hold" rating in a research report on Tuesday, September 10th. Royal Bank of Canada lowered Camden Property Trust from an "outperform" rating to a "sector perform" rating and set a $122.00 target price on the stock. in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their target price on Camden Property Trust from $112.00 to $129.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Finally, Evercore ISI upped their target price on Camden Property Trust from $116.00 to $118.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and an average price target of $121.76.

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.