Camden Property Trust (NYSE:CPT) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 18.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,040 shares of the real estate investment trust’s stock after acquiring an additional 65,194 shares during the quarter. Hsbc Holdings PLC owned about 0.39% of Camden Property Trust worth $44,997,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CPT. Elo Mutual Pension Insurance Co purchased a new stake in shares of Camden Property Trust in the second quarter valued at approximately $1,130,000. Vanguard Personalized Indexing Management LLC lifted its position in Camden Property Trust by 44.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,528 shares of the real estate investment trust’s stock worth $1,040,000 after buying an additional 2,949 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Camden Property Trust by 17.0% during the second quarter. Mutual of America Capital Management LLC now owns 34,114 shares of the real estate investment trust’s stock worth $3,722,000 after buying an additional 4,964 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after buying an additional 54,475 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Camden Property Trust by 12.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 222,545 shares of the real estate investment trust’s stock worth $24,282,000 after acquiring an additional 24,591 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CPT shares. Truist Financial boosted their price target on shares of 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 increased their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Piper Sandler increased their price objective on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada downgraded Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 target price on the stock. in a research report on Monday, September 9th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $121.69.

Camden Property Trust Stock Down 1.1 %

Camden Property Trust stock opened at $125.21 on Friday. The firm has a market capitalization of $13.34 billion, a P/E ratio of 30.69, a P/E/G ratio of 4.60 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. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.38. The stock’s fifty day simple moving average is $119.35 and its 200-day simple moving average is $108.60.

Camden Property Trust (NYSE:CPT) last posted its quarterly 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 net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. During the same period in the prior year, the business earned $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 Dividend Announcement

The company also recently declared 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 3.29%. The ex-dividend date is Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 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.