Maverick Capital Ltd. Boosts Holdings in Camden Property Trust (NYSE:CPT)

Maverick Capital Ltd. raised its position in Camden Property Trust (NYSE:CPT) by 4.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,167,785 shares of the real estate investment trust’s stock after buying an additional 46,327 shares during the quarter. Camden Property Trust comprises about 2.4% of Maverick Capital Ltd.’s holdings, making the stock its 11th largest position. Maverick Capital Ltd.’s holdings in Camden Property Trust were worth $127,417,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Centersquare Investment Management LLC grew its stake in shares of Camden Property Trust by 2,517.6% during the 4th quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after purchasing an additional 1,344,923 shares during the period. Duquesne Family Office LLC purchased a new position in Camden Property Trust in the 2nd quarter valued at approximately $63,056,000. Vanguard Group Inc. raised its holdings in Camden Property Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after purchasing an additional 289,425 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Camden Property Trust by 23.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock worth $145,478,000 after purchasing an additional 277,634 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Camden Property Trust by 690.1% during the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock worth $27,117,000 after purchasing an additional 217,076 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of NYSE:CPT opened at $124.37 on Friday. The business has a 50-day moving average of $120.50 and a two-hundred day moving average of $109.36. The firm has a market capitalization of $13.25 billion, a PE ratio of 30.48, a P/E/G ratio of 4.76 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. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results 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 net margin of 25.64% and a return on equity of 7.98%. The business 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 business posted $1.70 EPS. As a group, research analysts forecast 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 will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.31%. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BNP Paribas assumed coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target for the company. Mizuho cut their target price on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price target on the stock. Scotiabank raised their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a research note on Monday, September 16th. Finally, Piper Sandler upped their target price on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust has an average rating of “Hold” and an average target price of $121.69.

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.