National Bank of Canada FI Sells 64,162 Shares of Camden Property Trust (NYSE:CPT)

National Bank of Canada FI lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 68.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,209 shares of the real estate investment trust’s stock after selling 64,162 shares during the quarter. National Bank of Canada FI’s holdings in Camden Property Trust were worth $3,189,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC raised its position in shares of Camden Property Trust by 90.4% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Camden Property Trust during the second quarter valued at approximately $33,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust in the 2nd quarter valued at approximately $39,000. Versant Capital Management Inc boosted its holdings in shares of Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 350 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Camden Property Trust by 23.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 119 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPT has been the subject of a number of analyst reports. Scotiabank raised their price target on Camden Property Trust from $116.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. UBS Group lifted their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Morgan Stanley increased their price objective on shares of Camden Property Trust from $98.00 to $105.50 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. Truist Financial boosted their target price on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Mizuho reduced their price target on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Thirteen 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 has an average rating of “Hold” and a consensus target price of $119.74.

Camden Property Trust Stock Up 1.5 %

Shares of Camden Property Trust stock opened at $123.17 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 4.59 and a beta of 0.90. The firm’s 50-day moving average is $116.72 and its two-hundred day moving average is $107.10. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $127.23.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The business 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 quarter in the prior year, the business posted $1.70 earnings per share. As a group, research analysts expect that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Friday, June 28th. 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 58,634 apartment homes across the United States.