GAMMA Investing LLC Grows Holdings in Camden Property Trust (NYSE:CPT)

GAMMA Investing LLC increased its position in shares of Camden Property Trust (NYSE:CPT) by 22.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,761 shares of the real estate investment trust’s stock after purchasing an additional 506 shares during the quarter. GAMMA Investing LLC’s holdings in Camden Property Trust were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPT. Centersquare Investment Management LLC boosted its stake in 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 valued at $228,939,000 after acquiring an additional 898,398 shares during the last quarter. Duquesne Family Office LLC purchased a new position in Camden Property Trust in the second quarter valued at about $63,056,000. Vanguard Group Inc. boosted its stake in Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after acquiring an additional 289,425 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $145,478,000 after acquiring an additional 277,634 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in 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 acquiring an additional 217,076 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CPT shares. Royal Bank of Canada cut shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 target price on the stock. in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. BNP Paribas assumed 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 target on the stock. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $104.00 to $127.00 in a research note on Monday, August 26th. Finally, Wedbush upped their price target 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.69.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $120.20 on Thursday. The firm’s 50 day simple moving average is $122.13 and its 200 day simple moving average is $110.89. The firm has a market capitalization of $12.81 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $127.69. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The company had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same period in the previous year, the company earned $1.70 EPS. As a group, 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 will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, September 30th. Camden Property Trust’s payout ratio 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.