Samlyn Capital LLC Buys 199,970 Shares of Camden Property Trust (NYSE:CPT)

Samlyn Capital LLC grew its stake in shares of Camden Property Trust (NYSE:CPT) by 58.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 544,678 shares of the real estate investment trust’s stock after purchasing an additional 199,970 shares during the period. Samlyn Capital LLC owned approximately 0.51% of Camden Property Trust worth $59,430,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Camden Property Trust by 16.8% during the 1st 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 purchasing an additional 27,465 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Camden Property Trust by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock valued at $15,781,000 after purchasing an additional 5,926 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in 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 acquiring an additional 7,018 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Camden Property Trust during the fourth quarter worth about $1,374,000. Finally, Eminence Capital LP bought a new stake in Camden Property Trust during the fourth quarter worth about $18,737,000. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BNP Paribas assumed coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Piper Sandler boosted their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Royal Bank of Canada lowered shares of 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 note on Monday, September 9th. Finally, Mizuho dropped their price objective on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $121.69.

Camden Property Trust Stock Up 1.3 %

CPT opened at $126.88 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average price of $119.70 and a 200-day moving average price of $108.96. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.38. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 4.60 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $384.76 million. During the same period in the previous year, the firm earned $1.70 earnings per share. Equities research analysts forecast that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.25%. 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.