Waterfall Asset Management LLC Buys Shares of 7,500 Camden Property Trust (NYSE:CPT)

Waterfall Asset Management LLC purchased a new position in shares of Camden Property Trust (NYSE:CPT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,500 shares of the real estate investment trust’s stock, valued at approximately $818,000. Camden Property Trust accounts for about 0.4% of Waterfall Asset Management LLC’s portfolio, making the stock its 20th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in Camden Property Trust by 90.4% in the first 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 during the period. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust in the 2nd quarter worth approximately $33,000. Federated Hermes Inc. bought a new position in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust during the second quarter valued at approximately $39,000. Finally, Versant Capital Management Inc raised its holdings in Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CPT shares. Piper Sandler increased their price target 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. Deutsche Bank Aktiengesellschaft raised their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Royal Bank of Canada cut shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target on the stock. in a research report on Monday, September 9th. Truist Financial raised 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. Finally, Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $121.69.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $123.71 on Friday. The stock has a market cap 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 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 business has a fifty day simple moving average of $120.72 and a 200-day simple moving average of $109.60.

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 for the quarter, missing the consensus estimate of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.70 EPS. On average, sell-side analysts anticipate that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a $1.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.33%. Camden Property Trust’s dividend payout ratio is presently 100.98%.

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.