11,302 Camden Property Trust $CPT Shares Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Camden Property Trust stake by 6.7%, purchasing 11,302 shares to hold 178,845 shares valued at approximately $17.3 million. Institutional investors collectively own 97.22% of the REIT.
• Camden shares opened at $100.73, near the lower end of their 52-week range, while the company reported quarterly revenue of $396.1 million—up 7.4% year over year—but missed analysts’ earnings expectations.
• The REIT paid a quarterly dividend of $1.06, or $4.24 annualized, representing a 4.2% yield. Analysts have a consensus “Hold” rating and an average price target of $111.62.

Asset Management One Co. Ltd. grew its stake in Camden Property Trust (NYSE:CPT - Free Report) by 6.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,845 shares of the real estate investment trust's stock after purchasing an additional 11,302 shares during the period. Asset Management One Co. Ltd. owned approximately 0.18% of Camden Property Trust worth $17,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kings Path Partners LLC purchased a new position in shares of Camden Property Trust during the third quarter valued at approximately $29,000. James T. Borello RIA grew its stake in shares of Camden Property Trust by 76.3% during the third quarter. James T. Borello RIA now owns 409 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 177 shares during the last quarter. Summit Securities Group LLC raised its holdings in shares of Camden Property Trust by 169.6% in the first quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust's stock worth $42,000 after buying an additional 268 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Camden Property Trust in the second quarter worth approximately $55,000. Finally, Western Wealth Management LLC bought a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Down 0.2%

Shares of CPT opened at $100.73 on Friday. The stock's 50-day moving average price is $101.10 and its 200-day moving average price is $105.98. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 7.50 and a beta of 0.79. Camden Property Trust has a 52 week low of $95.30 and a 52 week high of $119.81.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.49). The company had revenue of $396.07 million during the quarter, compared to analysts' expectations of $392.88 million. Camden Property Trust had a return on equity of 7.66% and a net margin of 20.80%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 EPS. On average, sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were given a $1.06 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.2%. Camden Property Trust's dividend payout ratio is 140.40%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CPT shares. Barclays cut their price target on shares of Camden Property Trust from $123.00 to $114.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 14th. Mizuho decreased their price objective on shares of Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating for the company in a report on Tuesday, September 8th. Scotiabank lowered their price objective on shares of Camden Property Trust from $109.00 to $102.00 and set a "sector underperform" rating for the company in a research report on Thursday, September 17th. Weiss Ratings downgraded shares of Camden Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. Finally, UBS Group dropped their target price on shares of Camden Property Trust from $105.00 to $101.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 14th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $111.62.

Camden Property Trust Company Profile

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company's in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.

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