Inspire Investing LLC Decreases Stock Holdings in Camden Property Trust (NYSE:CPT)

Inspire Investing LLC lowered its stake in Camden Property Trust (NYSE:CPT) by 46.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,436 shares of the real estate investment trust’s stock after selling 2,074 shares during the quarter. Inspire Investing LLC’s holdings in Camden Property Trust were worth $266,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 buying an additional 27,465 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Camden Property Trust by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock valued at $15,781,000 after acquiring an additional 5,926 shares during the period. Illinois Municipal Retirement Fund boosted its position in Camden Property Trust by 59.4% in 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 during the last quarter. Pinebridge Investments L.P. bought a new stake in shares of Camden Property Trust during the 4th quarter valued at about $1,374,000. Finally, Eminence Capital LP purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $18,737,000. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CPT. Truist Financial upped their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. The Goldman Sachs Group initiated coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Wedbush upped their price target on Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $121.69.

Camden Property Trust Stock Performance

CPT opened at $126.54 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 4.60 and a beta of 0.90. The company has a fifty day moving average of $120.01 and a 200 day moving average of $109.14. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $127.69.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share 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 analysts’ expectations 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 previous year, the business earned $1.70 EPS. As a group, sell-side analysts forecast that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued 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 3.26%. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

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 58,250 apartment homes across the United States.