Exchange Traded Concepts LLC Purchases 526 Shares of Camden Property Trust (NYSE:CPT)

Exchange Traded Concepts LLC grew its position in shares of Camden Property Trust (NYSE:CPT) by 37.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,938 shares of the real estate investment trust’s stock after acquiring an additional 526 shares during the period. Exchange Traded Concepts LLC’s holdings in Camden Property Trust were worth $239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kings Path Partners LLC bought a new position in shares of Camden Property Trust during the second quarter valued at about $33,000. Federated Hermes Inc. bought a new position in shares of Camden Property Trust during the second quarter valued at about $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust during the second quarter valued at about $39,000. Versant Capital Management Inc raised its stake in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Camden Property Trust during the second quarter valued at about $116,000. 97.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BNP Paribas started 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 for the company. Evercore ISI increased their price target 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. 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 note on Monday, August 5th. Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Finally, Piper Sandler increased their price target 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. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $121.76.

Camden Property Trust Price Performance

Shares of CPT opened at $120.74 on Monday. The company has a market capitalization of $12.86 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 4.51 and a beta of 0.90. 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 of $122.47 and a 200 day moving average of $112.11. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT) last announced 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). The firm had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same period last year, the business earned $1.70 EPS. As a group, equities research analysts anticipate 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 was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is currently 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.