Perpetual Ltd purchased a new position in Camden Property Trust (NYSE:CPT – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,850 shares of the real estate investment trust’s stock, valued at approximately $379,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 144 shares during the period. Tobam raised its holdings in Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 375 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 119 shares during the period. Quarry LP raised its holdings in Camden Property Trust by 1,081.5% during the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 584 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in Camden Property Trust during the 3rd quarter worth about $69,000. 97.22% of the stock is currently owned by institutional investors.
Camden Property Trust Stock Up 0.3 %
CPT opened at $109.70 on Friday. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 4.29 and a beta of 0.86. The business has a 50 day moving average of $103.74 and a 200-day moving average of $99.39.
Camden Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.12 annualized dividend and a dividend yield of 3.76%. Camden Property Trust’s dividend payout ratio is 100.98%.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Morgan Stanley boosted their price objective on Camden Property Trust from $98.00 to $105.50 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. Truist Financial boosted their price objective on Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. UBS Group lifted their target price on Camden Property Trust from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Wedbush lifted their target price on Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.86.
View Our Latest Stock Analysis on CPT
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 58,634 apartment homes across the United States.
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