IFM Investors Pty Ltd Raises Stock Holdings in Camden Property Trust (NYSE:CPT)

IFM Investors Pty Ltd boosted its holdings in Camden Property Trust (NYSE:CPT) by 0.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,866 shares of the real estate investment trust’s stock after purchasing an additional 118 shares during the period. IFM Investors Pty Ltd’s holdings in Camden Property Trust were worth $1,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPT. Parkside Financial Bank & Trust raised its stake in Camden Property Trust by 60.8% during the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Tobam raised its stake in Camden Property Trust by 4,166.7% during the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 375 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 119 shares in the last quarter. Quarry LP raised its stake in Camden Property Trust by 1,081.5% during the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 584 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new stake in Camden Property Trust during the third quarter valued at approximately $69,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CPT shares. Piper Sandler restated an “underweight” rating and set a $90.00 price objective on shares of Camden Property Trust in a research note on Tuesday, March 26th. The Goldman Sachs Group began coverage on Camden Property Trust in a research report on Thursday, February 22nd. They set a “buy” rating and a $112.00 price target on the stock. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Mizuho dropped their price target on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $103.00 price target on shares of Camden Property Trust in a research report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $104.29.

Camden Property Trust Price Performance

Shares of CPT stock traded up $1.41 during midday trading on Friday, reaching $99.62. 873,103 shares of the company were exchanged, compared to its average volume of 841,723. The company’s 50 day moving average price is $97.32 and its two-hundred day moving average price is $95.18. The company has a market cap of $10.84 billion, a P/E ratio of 26.92, a PEG ratio of 3.74 and a beta of 0.83. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping the consensus estimate of $1.72 by $0.31. The firm had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 earnings per share. On average, sell-side analysts expect that Camden Property Trust will post 6.72 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a $1.03 dividend. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.12 annualized dividend and a dividend yield of 4.14%. Camden Property Trust’s dividend payout ratio is 111.35%.

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 58,634 apartment homes across the United States.