Public Sector Pension Investment Board Boosts Position in Camden Property Trust (NYSE:CPT)

Public Sector Pension Investment Board grew its holdings in shares of Camden Property Trust (NYSE:CPT) by 15.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,776 shares of the real estate investment trust’s stock after buying an additional 1,990 shares during the quarter. Public Sector Pension Investment Board’s holdings in Camden Property Trust were worth $1,612,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Centersquare Investment Management LLC boosted its position in Camden Property Trust by 2,517.6% during the 4th quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after purchasing an additional 1,344,923 shares during the period. Vanguard Group Inc. lifted its stake in shares of Camden Property Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after purchasing an additional 289,425 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Camden Property Trust by 23.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock worth $145,478,000 after buying an additional 277,634 shares during the period. American Century Companies Inc. grew its stake in shares of Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after buying an additional 217,076 shares in the last quarter. Finally, First Financial Bankshares Inc purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at about $21,041,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada downgraded shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price objective for the company. in a research report on Monday, September 9th. Scotiabank lifted their price target on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a research note on Monday, September 16th. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective for the company. Truist Financial lifted their target price on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Wedbush increased their price target on Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $121.69.

Camden Property Trust Stock Up 0.7 %

CPT stock opened at $123.53 on Tuesday. The firm has a fifty day moving average price of $120.92 and a two-hundred day moving average price of $109.86. 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 1-year low of $82.81 and a 1-year high of $127.69. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 4.76 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 return on equity of 7.98% and a net margin of 25.64%. The business had revenue of $387.15 million for the quarter, compared to analyst estimates of $384.76 million. During the same quarter last year, the company earned $1.70 EPS. Research analysts predict that Camden Property Trust will post 6.77 EPS 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 issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

About Camden Property Trust

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.