Graham Capital Wealth Management LLC Makes New Investment in Camden Property Trust (NYSE:CPT)

Graham Capital Wealth Management LLC acquired a new position in Camden Property Trust (NYSE:CPT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,288 shares of the real estate investment trust’s stock, valued at approximately $2,541,000. Camden Property Trust makes up about 3.4% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC grew its position in Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Kings Path Partners LLC bought a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $33,000. Federated Hermes Inc. bought a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust during the 2nd quarter valued at approximately $39,000. Finally, Versant Capital Management Inc grew its position in shares of Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares during the period. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $123.53 on Tuesday. The firm’s fifty day moving average price is $120.92 and its 200-day moving average price is $109.86. 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 cap of $13.16 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90. 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 posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.27). The company 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 last year, the business posted $1.70 EPS. On average, equities research analysts expect that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently disclosed 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. This represents a $4.12 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is currently 100.98%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada downgraded shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 target price for the company. in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Truist Financial raised their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. UBS Group raised their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Finally, Scotiabank raised their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average 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.