Van ECK Associates Corp Buys 1,392 Shares of Camden Property Trust (NYSE:CPT)

Van ECK Associates Corp raised its holdings in Camden Property Trust (NYSE:CPTFree Report) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,036 shares of the real estate investment trust’s stock after purchasing an additional 1,392 shares during the quarter. Van ECK Associates Corp’s holdings in Camden Property Trust were worth $3,597,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CPT. Norges Bank bought a new position in Camden Property Trust in the 4th quarter valued at $333,911,000. D1 Capital Partners L.P. raised its position in Camden Property Trust by 653.2% in the 2nd quarter. D1 Capital Partners L.P. now owns 2,737,156 shares of the real estate investment trust’s stock valued at $297,994,000 after purchasing an additional 2,373,773 shares during the last quarter. JPMorgan Chase & Co. raised its position in Camden Property Trust by 39.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,857,014 shares of the real estate investment trust’s stock valued at $311,043,000 after purchasing an additional 809,510 shares during the last quarter. Long Pond Capital LP raised its position in Camden Property Trust by 149.0% in the 4th quarter. Long Pond Capital LP now owns 948,280 shares of the real estate investment trust’s stock valued at $106,094,000 after purchasing an additional 567,487 shares during the last quarter. Finally, State Street Corp raised its position in Camden Property Trust by 9.8% in the 1st quarter. State Street Corp now owns 6,066,515 shares of the real estate investment trust’s stock valued at $1,013,817,000 after purchasing an additional 540,683 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

CPT has been the subject of several research analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a $100.00 price objective on shares of Camden Property Trust in a research report on Friday, December 15th. Bank of America downgraded Camden Property Trust from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $101.00 to $84.00 in a research report on Tuesday, October 31st. Piper Sandler downgraded Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $126.00 to $80.00 in a research report on Tuesday, October 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Camden Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price for the company. Finally, StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $106.88.

Get Our Latest Report on Camden Property Trust

Camden Property Trust Stock Up 0.8 %

NYSE:CPT opened at $94.20 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.10 and a debt-to-equity ratio of 0.74. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.45 and a beta of 0.84. The stock has a 50-day moving average price of $97.03 and a two-hundred day moving average price of $97.45. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $124.45.

Camden Property Trust (NYSE:CPTGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. As a group, equities analysts expect that Camden Property Trust will post 6.78 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.37%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. Camden Property Trust’s dividend payout ratio (DPR) is presently 108.11%.

Insider Activity

In other news, CEO Richard J. Campo sold 38,336 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.22, for a total value of $3,765,361.92. Following the completion of the sale, the chief executive officer now directly owns 267,132 shares of the company’s stock, valued at $26,237,705.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Richard J. Campo sold 38,336 shares of Camden Property Trust stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.22, for a total transaction of $3,765,361.92. Following the completion of the sale, the chief executive officer now directly owns 267,132 shares of the company’s stock, valued at approximately $26,237,705.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William W. Sengelmann sold 6,493 shares of Camden Property Trust stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $98.21, for a total value of $637,677.53. Following the sale, the executive vice president now directly owns 75,082 shares of the company’s stock, valued at $7,373,803.22. The disclosure for this sale can be found here. Insiders sold a total of 55,957 shares of company stock valued at $5,495,920 over the last three months. Insiders own 2.00% of the company’s stock.

Camden Property Trust Profile

(Free Report)

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 58,961 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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