Creative Planning Has $1.11 Million Position in Camden Property Trust (NYSE:CPT)

Creative Planning increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,012 shares of the real estate investment trust’s stock after buying an additional 453 shares during the period. Creative Planning’s holdings in Camden Property Trust were worth $1,113,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Security National Bank raised its stake in shares of Camden Property Trust by 1.2% during the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after acquiring an additional 101 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Camden Property Trust by 3.8% in the first quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 109 shares during the period. Raymond James Trust N.A. raised its position in Camden Property Trust by 6.1% during the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 144 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Camden Property Trust by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock worth $3,420,000 after buying an additional 146 shares during the period. Finally, ERn Financial LLC grew its position in shares of Camden Property Trust by 2.6% in the 2nd quarter. ERn Financial LLC now owns 6,298 shares of the real estate investment trust’s stock valued at $687,000 after buying an additional 162 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. 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. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and upped their price objective for the company from $111.00 to $147.00 in a research note on Monday, August 12th. 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 note on Monday, September 9th. Finally, Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.76.

Camden Property Trust Trading Down 1.3 %

NYSE CPT opened at $115.79 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 52 week low of $82.89 and a 52 week high of $127.69. The business has a 50 day moving average price of $122.31 and a 200-day moving average price of $113.10. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 4.51 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 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 business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same quarter last year, the firm posted $1.70 EPS. As a group, equities analysts expect that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s payout ratio is presently 113.19%.

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.