Susquehanna Fundamental Investments LLC Grows Stake in Camden Property Trust (NYSE:CPT)

Susquehanna Fundamental Investments LLC lifted its stake in Camden Property Trust (NYSE:CPT) by 174.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,912 shares of the real estate investment trust’s stock after buying an additional 43,212 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Camden Property Trust worth $7,410,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CPT. Security National Bank boosted its holdings in Camden Property Trust by 1.2% in the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock worth $902,000 after acquiring an additional 101 shares during the period. William Blair Investment Management LLC lifted its position in shares of Camden Property Trust by 3.8% during 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 purchasing an additional 109 shares in the last quarter. ERn Financial LLC boosted 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 valued at $604,000 after purchasing an additional 118 shares during the period. Lindbrook Capital LLC grew its holdings in 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 valued at $27,000 after purchasing an additional 132 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in Camden Property Trust by 6.1% during the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

CPT has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and raised their price objective for the company from $111.00 to $147.00 in a research note on Monday, August 12th. Scotiabank lifted their price objective on Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. increased their target price on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Wedbush lifted their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average price target of $121.69.

Camden Property Trust Stock Down 0.5 %

NYSE:CPT opened at $123.71 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $120.72 and a 200-day moving average of $109.60. The firm has a market capitalization of $13.18 billion, a PE 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.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $1.70 earnings per share. Analysts predict that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s payout ratio is 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.