Camden Property Trust (NYSE:CPT) Shares Acquired by True North Advisors LLC

True North Advisors LLC boosted its holdings in Camden Property Trust (NYSE:CPT) by 16.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,705 shares of the real estate investment trust’s stock after acquiring an additional 375 shares during the period. True North Advisors LLC’s holdings in Camden Property Trust were worth $334,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CPT. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust during the second quarter worth $33,000. Family Firm Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at $39,000. Versant Capital Management Inc lifted its stake in 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 worth $40,000 after acquiring an additional 350 shares in the last quarter. Finally, Quarry LP lifted its stake in Camden Property Trust by 1,081.5% in the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 584 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of analyst reports. Scotiabank raised their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a report on Monday, September 16th. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $104.00 to $127.00 in a research note on Monday, August 26th. UBS Group increased their price objective on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Truist Financial raised their target price on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $121.69.

Camden Property Trust Trading Up 0.3 %

Shares of Camden Property Trust stock opened at $119.99 on Wednesday. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50 day moving average price of $121.94 and a 200 day moving average price of $110.82. The company has a market capitalization of $12.78 billion, a P/E ratio of 29.41, a P/E/G ratio of 4.76 and a beta of 0.90.

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 the consensus estimate of $1.67 by ($1.27). The company had revenue of $387.15 million during 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 prior year, the company earned $1.70 earnings per share. Sell-side analysts anticipate that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s dividend 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.