U.S. Capital Wealth Advisors LLC Boosts Holdings in Camden Property Trust (NYSE:CPT)

U.S. Capital Wealth Advisors LLC lifted its stake in Camden Property Trust (NYSE:CPT) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,652 shares of the real estate investment trust’s stock after buying an additional 2,006 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Camden Property Trust were worth $5,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Camden Property Trust by 16.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock worth $18,831,000 after buying an additional 27,465 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position 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 acquiring an additional 5,926 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of Camden Property Trust by 59.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock valued at $1,853,000 after acquiring an additional 7,018 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Camden Property Trust by 34.1% in the first quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust’s stock valued at $5,992,000 after purchasing an additional 15,513 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Camden Property Trust in the first quarter worth $2,430,000. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wedbush lifted their price objective 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 Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Jefferies Financial Group started coverage on Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Piper Sandler boosted their target price on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, Truist Financial increased their price target on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $121.76.

Camden Property Trust Stock Up 1.4 %

NYSE CPT traded up $1.69 during midday trading on Wednesday, hitting $120.93. 433,848 shares of the company traded hands, compared to its average volume of 984,248. The company has a market cap of $12.88 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 4.51 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $127.69. The company’s 50-day simple moving average is $122.44 and its 200-day simple moving average is $112.43.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 25.64% and a return on equity of 7.98%. During the same quarter last year, the firm earned $1.70 EPS. As a group, 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 company also recently announced 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. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.41%. Camden Property Trust’s payout ratio is 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.