Elo Mutual Pension Insurance Co Invests $1.13 Million in Camden Property Trust (NYSE:CPT)

Elo Mutual Pension Insurance Co bought a new position in shares of Camden Property Trust (NYSE:CPT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,355 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.

Several other hedge funds also recently made changes to their positions in the business. Lindbrook Capital LLC boosted its position in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 132 shares in the last quarter. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $39,000. Finally, Versant Capital Management Inc boosted 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 worth $40,000 after acquiring an additional 350 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CPT has been the topic of several analyst reports. Truist Financial increased their price target 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. Wedbush increased 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. JPMorgan Chase & Co. raised their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their target price for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Finally, Evercore ISI raised their target price 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. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.69.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $125.21 on Friday. The firm has a market cap of $13.34 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. The firm’s fifty day moving average is $119.35 and its 200-day moving average is $108.60. 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 has a 52 week low of $82.81 and a 52 week high of $127.38.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share 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 firm had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same period in the prior year, the business earned $1.70 EPS. Sell-side analysts predict that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors 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 3.29%. The ex-dividend date is Monday, September 30th. Camden Property Trust’s dividend payout ratio is presently 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.