Camden Property Trust (NYSE:CPT) Stake Raised by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 52.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 93,100 shares of the real estate investment trust’s stock after acquiring an additional 32,182 shares during the quarter. Coronation Fund Managers Ltd. owned about 0.09% of Camden Property Trust worth $10,158,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPT. Centersquare Investment Management LLC grew its position in Camden Property Trust by 64.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after buying an additional 898,398 shares in the last quarter. Duquesne Family Office LLC acquired a new stake in shares of Camden Property Trust in the 2nd quarter worth approximately $63,056,000. Vanguard Group Inc. boosted its holdings in shares of Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after acquiring an additional 289,425 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Camden Property Trust by 23.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock valued at $145,478,000 after acquiring an additional 277,634 shares during the period. Finally, American Century Companies Inc. raised its holdings in Camden Property Trust by 690.1% during the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock worth $27,117,000 after purchasing an additional 217,076 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial lifted their price target on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Wedbush boosted their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $104.00 to $127.00 in a research report on Monday, August 26th. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $139.00 target price for the company. Finally, Piper Sandler upped their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average target price of $121.69.

Camden Property Trust Stock Down 0.8 %

NYSE CPT opened at $122.60 on Wednesday. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.69. The stock has a market cap of $13.06 billion, a PE ratio of 30.05, a PEG ratio of 4.76 and a beta of 0.90. The firm has a 50-day simple moving average of $120.92 and a 200 day simple moving average of $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.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same period in the previous year, the business posted $1.70 earnings per share. On average, research analysts forecast that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s dividend payout ratio 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.