6,381 Shares in Camden Property Trust (NYSE:CPT) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of Camden Property Trust (NYSE:CPT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,381 shares of the real estate investment trust’s stock, valued at approximately $696,000.

A number of other institutional investors have also added to or reduced their stakes in CPT. Centersquare Investment Management LLC increased its position in shares of Camden Property Trust by 64.2% in the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after purchasing an additional 898,398 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after buying an additional 289,425 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Camden Property Trust by 23.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock valued at $145,478,000 after buying an additional 277,634 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Camden Property Trust by 690.1% during the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock worth $27,117,000 after acquiring an additional 217,076 shares during the last quarter. Finally, First Financial Bankshares Inc purchased a new position in Camden Property Trust in the fourth quarter worth $21,041,000. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

Shares of CPT stock opened at $119.99 on Wednesday. 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 fifty-two week low of $82.81 and a fifty-two week high of $127.69. The firm has a market cap of $12.78 billion, a P/E ratio of 29.41, a P/E/G ratio of 4.76 and a beta of 0.90. The business’s 50 day moving average price is $121.94 and its 200-day moving average price is $110.82.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $384.76 million. During the same quarter last year, the firm earned $1.70 EPS. On average, equities research analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, September 30th. Camden Property Trust’s payout ratio is currently 100.98%.

Analyst Ratings Changes

CPT has been the topic of a number of research reports. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and raised their price target for the company from $111.00 to $147.00 in a research report on Monday, August 12th. UBS Group boosted their target price on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Royal Bank of Canada cut shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target on the stock. in a research report on Monday, September 9th. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective for the company. Finally, Wedbush upped their price objective 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. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $121.69.

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.