XTX Topco Ltd Buys Shares of 13,973 Camden Property Trust (NYSE:CPT)

XTX Topco Ltd purchased a new position in shares of Camden Property Trust (NYSE:CPT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,973 shares of the real estate investment trust’s stock, valued at approximately $1,525,000.

Several other institutional investors have also recently made changes to their positions in CPT. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Camden Property Trust by 16.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock worth $18,831,000 after acquiring an additional 27,465 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Camden Property Trust by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock worth $15,781,000 after purchasing an additional 5,926 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Camden Property Trust by 59.4% during the first quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock worth $1,853,000 after purchasing an additional 7,018 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $1,374,000. Finally, Eminence Capital LP purchased a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $18,737,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CPT shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Royal Bank of Canada cut Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price objective on the stock. in a research note on Monday, September 9th. Scotiabank lifted their target price on Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a report on Monday. Evercore ISI upped their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $121.69.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $126.67 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $127.38. The firm has a market capitalization of $13.49 billion, a P/E ratio of 31.05, a P/E/G ratio of 4.60 and a beta of 0.90. The company’s fifty day moving average price is $119.02 and its 200 day moving average price is $108.41.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to analysts’ expectations of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same quarter last year, the business posted $1.70 earnings per share. As a group, sell-side analysts predict that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $1.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.25%. Camden Property Trust’s payout ratio is 100.98%.

Camden Property Trust 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.