Calamos Advisors LLC Sells 3,610 Shares of Camden Property Trust (NYSE:CPT)

Calamos Advisors LLC lessened its holdings in shares of Camden Property Trust (NYSE:CPT) by 3.5% in the second quarter, Holdings Channel.com reports. The fund owned 98,897 shares of the real estate investment trust’s stock after selling 3,610 shares during the period. Calamos Advisors LLC’s holdings in Camden Property Trust were worth $10,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Security National Bank grew its stake in Camden Property Trust by 1.2% in the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock worth $902,000 after purchasing an additional 101 shares during the period. William Blair Investment Management LLC grew its stake in shares of Camden Property Trust by 3.8% in the first quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 109 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Camden Property Trust by 0.7% in the first quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust’s stock worth $1,758,000 after acquiring an additional 118 shares during the last quarter. ERn Financial LLC grew its stake in shares of Camden Property Trust by 2.0% in the first quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 118 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Camden Property Trust by 23.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Up 1.3 %

CPT stock opened at $122.60 on Monday. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $123.54. The business’s 50-day moving average is $113.21 and its two-hundred day moving average is $104.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 4.50 and a beta of 0.88.

Camden Property Trust (NYSE:CPT) 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). Camden Property Trust had a return on equity of 7.95% 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 last year, the business earned $1.70 EPS. As a group, analysts forecast that Camden Property Trust will post 6.73 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is currently 100.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler raised Camden Property Trust from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $90.00 to $110.00 in a research note on Monday, May 6th. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $104.00 to $127.00 in a research note on Monday. Wedbush increased their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Scotiabank increased their target price on Camden Property Trust from $108.00 to $116.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $114.09.

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 58,634 apartment homes across the United States.