XTX Topco Ltd Invests $1.53 Million in Camden Property Trust (NYSE:CPT)

XTX Topco Ltd acquired a new stake in Camden Property Trust (NYSE:CPT) during the second quarter, HoldingsChannel reports. The fund acquired 13,973 shares of the real estate investment trust’s stock, valued at approximately $1,525,000.

Other large investors also recently bought and sold shares of the company. Lindbrook Capital LLC increased its stake in shares of Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 132 shares during the period. Kings Path Partners LLC purchased a new stake in Camden Property Trust in the 2nd quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new position in Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $39,000. Finally, Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 350 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

CPT has been the topic of a number of recent analyst reports. The Goldman Sachs Group began 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. Wedbush upped 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. Scotiabank increased their price target on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a report on Monday. Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Finally, Evercore ISI increased their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $121.69.

Camden Property Trust Trading Up 1.1 %

Shares of Camden Property Trust stock opened at $126.67 on Friday. The firm has a market cap of $13.49 billion, a PE ratio of 31.05, a P/E/G ratio of 4.60 and a beta of 0.90. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $127.38. The business’s fifty day moving average is $119.02 and its two-hundred day moving average is $108.41.

Camden Property Trust (NYSE:CPT) last issued its quarterly 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 business had revenue of $387.15 million during 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 in the previous year, the business posted $1.70 earnings per share. Analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $1.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.25%. Camden Property Trust’s payout ratio is 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.