Skandinaviska Enskilda Banken AB publ Has $2.29 Million Position in Camden Property Trust (NYSE:CPT)

Skandinaviska Enskilda Banken AB publ lifted its holdings in Camden Property Trust (NYSE:CPT) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,026 shares of the real estate investment trust’s stock after buying an additional 500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Camden Property Trust were worth $2,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Camden Property Trust by 23.0% in 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 in the last quarter. Commerce Bank boosted its position in Camden Property Trust by 70.0% during the fourth quarter. Commerce Bank now owns 6,319 shares of the real estate investment trust’s stock valued at $627,000 after purchasing an additional 2,601 shares during the last quarter. Advisory Services Network LLC purchased a new position in Camden Property Trust in the fourth quarter valued at about $161,000. Nomura Asset Management Co. Ltd. increased its position in Camden Property Trust by 3.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 151,222 shares of the real estate investment trust’s stock worth $15,015,000 after purchasing an additional 4,638 shares during the last quarter. Finally, CORDA Investment Management LLC. raised its stake in shares of Camden Property Trust by 2.2% during the 4th quarter. CORDA Investment Management LLC. now owns 200,533 shares of the real estate investment trust’s stock worth $19,911,000 after purchasing an additional 4,348 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Up 1.3 %

CPT stock opened at $126.88 on Tuesday. The business’s 50-day simple moving average is $119.70 and its 200 day simple moving average is $108.96. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.52 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.38.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data 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 firm had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter in the prior year, the firm posted $1.70 earnings per share. On average, research analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current 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 given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.25%. Camden Property Trust’s dividend payout ratio (DPR) is currently 100.98%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CPT shares. The Goldman Sachs Group began coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective on the stock. Evercore ISI increased their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lifted their price objective on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Piper Sandler raised their target price on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $121.69.

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.