Pacer Advisors Inc. Purchases 345 Shares of Camden Property Trust (NYSE:CPT)

Pacer Advisors Inc. increased its position in Camden Property Trust (NYSE:CPT) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,593 shares of the real estate investment trust’s stock after acquiring an additional 345 shares during the quarter. Pacer Advisors Inc.’s holdings in Camden Property Trust were worth $828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPT. Vanguard Group Inc. lifted its position in shares of Camden Property Trust by 1.7% during the 1st 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. Victory Capital Management Inc. increased its position in Camden Property Trust by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after buying an additional 206,654 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after buying an additional 898,398 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Camden Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after acquiring an additional 54,475 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after acquiring an additional 7,722 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.5 %

Shares of CPT stock opened at $123.71 on Friday. The company has a market capitalization of $13.18 billion, a P/E ratio of 30.32, a P/E/G ratio of 4.76 and a beta of 0.90. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.69. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $120.72 and a 200 day moving average price of $109.60.

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

Camden Property Trust Dividend Announcement

The firm 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 is Monday, September 30th. Camden Property Trust’s payout ratio is presently 100.98%.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of research reports. Piper Sandler increased their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. JPMorgan Chase & Co. increased their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. UBS Group boosted 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 raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group started coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price objective on the stock. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $121.69.

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.