Tredje AP fonden Has $1.86 Million Stock Position in Camden Property Trust (NYSE:CPT)

Tredje AP fonden cut its holdings in Camden Property Trust (NYSE:CPT) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,086 shares of the real estate investment trust’s stock after selling 262 shares during the quarter. Tredje AP fonden’s holdings in Camden Property Trust were worth $1,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC increased its holdings 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 buying an additional 132 shares in the last quarter. Kings Path Partners LLC acquired a new position in Camden Property Trust in the 2nd quarter worth about $33,000. Federated Hermes Inc. acquired a new position in Camden Property Trust in the 2nd quarter worth about $33,000. Family Firm Inc. bought a new position in Camden Property Trust in the second quarter valued at about $39,000. Finally, Versant Capital Management Inc boosted its stake in shares of 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 valued at $40,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CPT shares. Royal Bank of Canada lowered shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price objective for the company. in a report on Monday, September 9th. Evercore ISI raised their price target on shares of 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. Mizuho reduced their price objective on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Finally, BNP Paribas initiated coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average target price of $121.69.

Camden Property Trust Price Performance

Shares of CPT opened at $125.21 on Friday. The business’s fifty day moving average is $119.35 and its 200 day moving average is $108.60. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.38. 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 stock has a market cap of $13.34 billion, a P/E ratio of 30.69, a P/E/G ratio of 4.60 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share 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 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 period last year, the business posted $1.70 earnings per share. Sell-side analysts anticipate that Camden Property Trust will post 6.77 earnings per share 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. Investors of record on Monday, September 30th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.29%. 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.