abrdn plc Has $35.87 Million Stake in Camden Property Trust (NYSE:CPT)

abrdn plc grew its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 39.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289,669 shares of the real estate investment trust's stock after purchasing an additional 81,694 shares during the quarter. abrdn plc owned about 0.27% of Camden Property Trust worth $35,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CPT. Kings Path Partners LLC bought a new position in Camden Property Trust in the 2nd quarter worth $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust in the 2nd quarter worth $33,000. Family Firm Inc. bought a new position in Camden Property Trust in the 2nd quarter worth $39,000. Versant Capital Management Inc raised its holdings 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 worth $40,000 after acquiring an additional 350 shares during the period. Finally, Blue Trust Inc. raised its holdings in Camden Property Trust by 367.8% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust's stock worth $115,000 after acquiring an additional 732 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

Shares of NYSE CPT traded down $1.57 during trading on Thursday, reaching $115.79. The company had a trading volume of 1,842,992 shares, compared to its average volume of 985,555. Camden Property Trust has a 52 week low of $82.89 and a 52 week high of $127.69. The stock has a market cap of $12.35 billion, a PE ratio of 31.82, a PEG ratio of 4.51 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 business's 50 day moving average price is $122.31 and its 200-day moving average price is $113.10.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. The company had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. During the same period in the prior year, the firm posted $1.70 earnings per share. Analysts expect that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's dividend payout ratio (DPR) is 113.19%.

Analysts Set New Price Targets

Several research analysts recently commented on CPT shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a report on Friday, October 11th. They set a "hold" rating and a $123.00 price objective on the stock. Wells Fargo & Company upgraded shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Wedbush boosted their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They set a "neutral" rating and a $139.00 target price on the stock. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average 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.