Truist Financial Corp Has $1.98 Million Holdings in Camden Property Trust (NYSE:CPT)

Truist Financial Corp boosted its stake in Camden Property Trust (NYSE:CPT) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,105 shares of the real estate investment trust’s stock after buying an additional 599 shares during the quarter. Truist Financial Corp’s holdings in Camden Property Trust were worth $1,975,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Camden Property Trust by 16.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock valued at $18,831,000 after acquiring an additional 27,465 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake 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 worth $15,781,000 after purchasing an additional 5,926 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Camden Property Trust by 59.4% during 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. Tidal Investments LLC increased its stake in shares of Camden Property Trust by 34.1% in the first quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust’s stock valued at $5,992,000 after buying an additional 15,513 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of Camden Property Trust by 45.3% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 44,646 shares of the real estate investment trust’s stock valued at $4,871,000 after buying an additional 13,912 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Truist Financial boosted their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Royal Bank of Canada lowered Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price objective on the stock. in a research report on Monday, September 9th. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $121.76.

Camden Property Trust Stock Up 0.4 %

NYSE:CPT opened at $119.32 on Friday. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 4.51 and a beta of 0.90. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $122.23 and a two-hundred day moving average price of $111.09. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its earnings results 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 return on equity of 7.98% and a net margin of 25.64%. The business 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 company posted $1.70 earnings per share. As a group, equities analysts expect that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.45%. Camden Property Trust’s dividend payout ratio is currently 100.98%.

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.