International Assets Investment Management LLC Makes New Investment in Camden Property Trust (NYSE:CPT)

International Assets Investment Management LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 33,364 shares of the real estate investment trust's stock, valued at approximately $41,210,000.

Several other institutional investors and hedge funds have also made changes to their positions in CPT. Centersquare Investment Management LLC boosted its position in Camden Property Trust by 64.2% in the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust's stock valued at $228,939,000 after buying an additional 898,398 shares during the last quarter. Duquesne Family Office LLC acquired a new stake in Camden Property Trust during the 2nd quarter worth about $63,056,000. Vanguard Group Inc. grew its position in Camden Property Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust's stock worth $1,701,521,000 after purchasing an additional 289,425 shares during the period. American Century Companies Inc. grew its position in Camden Property Trust by 690.1% during the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust's stock worth $27,117,000 after purchasing an additional 217,076 shares during the period. Finally, Empyrean Capital Partners LP acquired a new stake in Camden Property Trust during the 2nd quarter worth about $22,913,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Trading Up 0.3 %

Shares of NYSE CPT traded up $0.38 during trading on Monday, reaching $118.67. The stock had a trading volume of 547,724 shares, compared to its average volume of 983,737. 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 company has a market cap of $12.64 billion, a P/E ratio of 28.99, a PEG ratio of 4.51 and a beta of 0.90. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $127.69. The business's 50-day moving average price is $122.43 and its 200-day moving average price is $112.80.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. During the same period in the prior year, the firm earned $1.70 earnings per share. On average, equities research analysts predict that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.47%. Camden Property Trust's dividend payout ratio (DPR) is 100.98%.

Wall Street Analysts Forecast Growth

CPT has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on Camden Property Trust from $112.00 to $129.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Royal Bank of Canada lowered Camden Property Trust from an "outperform" rating to a "sector perform" rating and set a $122.00 price target for the company. in a research note on Monday, September 9th. UBS Group boosted their price objective on Camden Property Trust from $109.00 to $117.00 and gave the company a "neutral" rating in a research report on Thursday, July 18th. Piper Sandler upped their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Finally, Bank of America upgraded Camden Property Trust from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $121.76.

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.