Highview Capital Management LLC DE Acquires Shares of 10,049 Camden Property Trust (NYSE:CPT)

Highview Capital Management LLC DE purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,049 shares of the real estate investment trust's stock, valued at approximately $1,241,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPT. abrdn plc increased its holdings in Camden Property Trust by 39.3% during the 3rd quarter. abrdn plc now owns 289,669 shares of the real estate investment trust's stock worth $35,870,000 after purchasing an additional 81,694 shares in the last quarter. State of Alaska Department of Revenue raised its position in Camden Property Trust by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 61,852 shares of the real estate investment trust's stock valued at $7,639,000 after buying an additional 243 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Camden Property Trust by 9.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 66,275 shares of the real estate investment trust's stock valued at $8,061,000 after buying an additional 5,610 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in Camden Property Trust by 1.2% during the 3rd quarter. Boston Trust Walden Corp now owns 283,432 shares of the real estate investment trust's stock worth $35,012,000 after acquiring an additional 3,360 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Camden Property Trust by 5.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust's stock worth $371,000 after acquiring an additional 155 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CPT has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. BNP Paribas initiated coverage on Camden Property Trust in a research report on Wednesday, September 11th. They set a "neutral" rating and a $129.00 price target for the company. UBS Group boosted their price objective on Camden Property Trust from $109.00 to $117.00 and gave the stock a "neutral" rating in a research report on Thursday, July 18th. Finally, Truist Financial raised their target price on Camden Property Trust from $122.00 to $133.00 and gave the company a "buy" rating in a research report on Monday, August 26th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Camden Property Trust presently has an average rating of "Hold" and an average target price of $121.76.

Camden Property Trust Stock Performance

NYSE CPT traded down $0.05 during trading hours on Wednesday, hitting $117.37. 666,854 shares of the company's stock traded hands, compared to its average volume of 981,472. Camden Property Trust has a 52 week low of $82.89 and a 52 week high of $127.69. The firm has a market capitalization of $12.50 billion, a P/E ratio of 28.98, a P/E/G ratio of 4.51 and a beta of 0.90. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The business's fifty day moving average price is $122.37 and its two-hundred day moving average price is $113.07.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). The company had revenue of $387.15 million during 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 last year, the company earned $1.70 earnings per share. Equities research analysts predict that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.51%. The ex-dividend date was Monday, September 30th. Camden Property Trust's dividend payout ratio is 100.98%.

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.