7,500 Shares in Camden Property Trust (NYSE:CPT) Purchased by Waterfall Asset Management LLC

Waterfall Asset Management LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,500 shares of the real estate investment trust’s stock, valued at approximately $818,000. Camden Property Trust makes up 0.6% of Waterfall Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Camden Property Trust by 16.8% during 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 purchasing an additional 27,465 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Camden Property Trust by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock valued at $15,781,000 after buying an additional 5,926 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Camden Property Trust by 59.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock valued at $1,853,000 after buying an additional 7,018 shares during the period. Pinebridge Investments L.P. purchased a new stake in Camden Property Trust in the 4th quarter valued at about $1,374,000. Finally, Eminence Capital LP purchased a new stake in Camden Property Trust in the 4th quarter valued at about $18,737,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price target for the company from $111.00 to $147.00 in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, September 16th. UBS Group lifted their price objective on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Wedbush lifted their price objective on Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group began coverage on Camden Property Trust in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective on the stock. 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 data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and an average target price of $121.69.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $125.21 on Friday. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.38. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. The business has a 50 day simple moving average of $119.35 and a 200-day simple moving average of $108.69.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The company had revenue of $387.15 million for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $1.70 earnings per share. As a group, equities research analysts expect that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.29%. Camden Property Trust’s payout ratio is currently 100.98%.

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.