Schonfeld Strategic Advisors LLC lifted its stake in Camden Property Trust (NYSE:CPT – Free Report) by 109.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,801 shares of the real estate investment trust’s stock after purchasing an additional 7,747 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Camden Property Trust were worth $1,400,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. lifted its stake in shares of Camden Property Trust by 57.0% during the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 94 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Camden Property Trust by 135.2% during the 2nd quarter. Parallel Advisors LLC now owns 334 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 192 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of 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 acquiring an additional 144 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $45,000. Finally, Belpointe Asset Management LLC lifted its stake in shares of Camden Property Trust by 175.5% during the 1st quarter. Belpointe Asset Management LLC now owns 449 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on CPT shares. Morgan Stanley lifted their target price on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price for the company. Mizuho decreased their target price on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Truist Financial decreased their target price on Camden Property Trust from $122.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.12.
Camden Property Trust Stock Up 2.5 %
Shares of CPT stock opened at $101.17 on Friday. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The stock’s fifty day moving average price is $96.47 and its 200 day moving average price is $95.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 3.65 and a beta of 0.83.
Camden Property Trust (NYSE:CPT – Get Free Report) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The firm had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. During the same period in the previous year, the business earned $1.74 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts expect that Camden Property Trust will post 6.78 earnings per share for the current fiscal year.
Camden Property Trust Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 4.07%. The ex-dividend date is Wednesday, March 27th. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s payout ratio is presently 111.35%.
Insider Buying and Selling at Camden Property Trust
In other Camden Property Trust news, EVP William W. Sengelmann sold 6,493 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $98.21, for a total transaction of $637,677.53. Following the sale, the executive vice president now owns 75,082 shares in the company, valued at approximately $7,373,803.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP William W. Sengelmann sold 6,493 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $98.21, for a total value of $637,677.53. Following the completion of the transaction, the executive vice president now owns 75,082 shares of the company’s stock, valued at approximately $7,373,803.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 38,336 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $98.22, for a total value of $3,765,361.92. Following the completion of the transaction, the chief executive officer now directly owns 267,132 shares of the company’s stock, valued at approximately $26,237,705.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,957 shares of company stock worth $5,495,920. 1.80% of the stock is currently owned by insiders.
