Xponance Inc. Has $1.55 Million Stock Position in Camden Property Trust (NYSE:CPT)

Xponance Inc. lowered its position in shares of Camden Property Trust (NYSE:CPT) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,209 shares of the real estate investment trust’s stock after selling 89 shares during the quarter. Xponance Inc.’s holdings in Camden Property Trust were worth $1,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC raised its stake in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $39,000. Finally, Versant Capital Management Inc raised its stake 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 valued at $40,000 after acquiring an additional 350 shares during the period. Institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $104.00 to $127.00 in a research note on Monday, August 26th. UBS Group increased their price target on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI increased their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wedbush increased their price target on Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group initiated coverage on Camden Property Trust in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price target on the stock. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $121.69.

Camden Property Trust Stock Performance

CPT opened at $123.71 on Friday. The firm has a market cap of $13.18 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $127.69. 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 fifty day moving average is $120.72 and its 200-day moving average is $109.52.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.27). The company had revenue of $387.15 million for the quarter, compared to analyst estimates 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 period last year, the company posted $1.70 earnings per share. Sell-side analysts expect that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is currently 100.98%.

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.