Vanguard Personalized Indexing Management LLC Acquires 2,949 Shares of Camden Property Trust (NYSE:CPT)

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Camden Property Trust (NYSE:CPT) by 44.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,528 shares of the real estate investment trust’s stock after purchasing an additional 2,949 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Camden Property Trust were worth $1,040,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its holdings in shares of Camden Property Trust by 17.0% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Camden Property Trust by 3.5% during 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 acquiring an additional 54,475 shares during the period. Envestnet Asset Management Inc. boosted its stake in Camden Property Trust by 12.4% during the second 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 in the last quarter. Federated Hermes Inc. acquired a new stake in Camden Property Trust in the second quarter worth $33,000. Finally, American Century Companies Inc. increased its stake in Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after purchasing an additional 217,076 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank of Canada downgraded 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. The Goldman Sachs Group began coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price objective for the company. Truist Financial increased their target price on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Wedbush boosted 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. Finally, Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.69.

Camden Property Trust Stock Up 1.3 %

CPT stock opened at $126.88 on Tuesday. The stock has a market cap of $13.52 billion, a P/E ratio of 31.10, 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. The stock’s fifty day simple moving average is $119.70 and its two-hundred day simple moving average is $108.96. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $127.38.

Camden Property Trust (NYSE:CPT) last issued its quarterly 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). The company had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same period last year, the firm posted $1.70 earnings per share. Analysts expect that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Announces Dividend

The firm also recently disclosed 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 3.25%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) 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.