Vanguard Personalized Indexing Management LLC Acquires 2,949 Shares of Camden Property Trust (NYSE:CPT)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 44.8% in the second quarter, HoldingsChannel.com reports. The fund owned 9,528 shares of the real estate investment trust’s stock after purchasing an additional 2,949 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Camden Property Trust were worth $1,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mutual of America Capital Management LLC raised its stake in Camden Property Trust by 17.0% in the second quarter. Mutual of America Capital Management LLC now owns 34,114 shares of the real estate investment trust’s stock valued at $3,722,000 after purchasing an additional 4,964 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after buying an additional 54,475 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Camden Property Trust by 12.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 222,545 shares of the real estate investment trust’s stock valued at $24,282,000 after buying an additional 24,591 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust during the 2nd quarter worth $33,000. Finally, American Century Companies Inc. grew its position in Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock worth $27,117,000 after acquiring an additional 217,076 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $126.88 on Tuesday. The company’s fifty day moving average price is $119.70 and its 200-day moving average price is $108.96. The stock has a market cap of $13.52 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $127.38.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS 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 business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same period in the previous year, the firm earned $1.70 EPS. On average, equities analysts expect 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 dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Monday, September 30th. Camden Property Trust’s payout ratio is 100.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CPT shares. Scotiabank raised their price target on Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research report on Monday, September 16th. 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. Piper Sandler upped their target price on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Mizuho decreased their price target 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. Finally, Wedbush upped their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.69.

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.