Camden Property Trust (NYSE:CPT) Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Camden Property Trust (NYSE:CPT - Free Report) by 70.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,416 shares of the real estate investment trust's stock after buying an additional 6,361 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Camden Property Trust were worth $1,907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at approximately $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust during the second quarter valued at approximately $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 position in shares of Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 350 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of 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 buying an additional 732 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on 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 report on Tuesday, September 10th. Royal Bank of Canada downgraded 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. JPMorgan Chase & Co. raised their target price 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. BNP Paribas assumed coverage on Camden Property Trust in a research report on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 target price for the company. Finally, Evercore ISI raised their target price on Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $121.76.

Camden Property Trust Stock Down 1.8 %

NYSE CPT traded down $2.06 during mid-day trading on Friday, reaching $113.73. The stock had a trading volume of 2,376,625 shares, compared to its average volume of 992,370. Camden Property Trust has a 1 year low of $85.30 and a 1 year high of $127.69. The stock has a market cap of $12.13 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 4.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The company has a fifty day moving average price of $122.21 and a 200 day moving average price of $113.12.

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 EPS 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 analyst estimates of $384.76 million. During the same quarter last year, the business earned $1.70 earnings per share. On average, research analysts expect that Camden Property Trust will post 6.78 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's dividend payout ratio is currently 113.19%.

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.