International Assets Investment Management LLC Takes $41.21 Million Position in Camden Property Trust (NYSE:CPT)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC raised its stake in Camden Property Trust by 4.5% during 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 in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Camden Property Trust during the 3rd quarter worth $205,000. Private Advisor Group LLC purchased a new position in Camden Property Trust during the 3rd quarter worth $210,000. Raymond James & Associates grew its position in Camden Property Trust by 12.5% during the 3rd quarter. Raymond James & Associates now owns 112,548 shares of the real estate investment trust's stock worth $13,903,000 after purchasing an additional 12,493 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Camden Property Trust by 367.8% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust's stock worth $115,000 after purchasing an additional 732 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPT has been the topic of several research reports. Wedbush raised their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Royal Bank of Canada downgraded 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. Scotiabank lifted 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 report on Monday, September 16th. Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $104.00 to $127.00 in a report on Monday, August 26th. Finally, UBS Group lifted their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a "neutral" rating in a report on Thursday, July 18th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $121.76.

Camden Property Trust Trading Up 0.1 %

Shares of NYSE:CPT traded up $0.10 during trading on Monday, reaching $118.39. The stock had a trading volume of 123,299 shares, compared to its average volume of 981,696. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $127.69. The business has a fifty day moving average price of $122.43 and a 200-day moving average price of $112.80. The stock has a market cap of $12.61 billion, a P/E ratio of 28.99, a PEG ratio of 4.51 and a beta of 0.90. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $387.15 million during the quarter, compared to analysts' expectations of $384.76 million. During the same quarter in the previous year, the firm posted $1.70 earnings per share. As a group, analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

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

Camden Property Trust 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.