ASR Vermogensbeheer N.V. Acquires Shares of 3,250 Camden Property Trust (NYSE:CPT)

Key Points

• ASR Vermogensbeheer N.V. acquired 3,250 shares of Camden Property Trust (NYSE:CPT), marking a new investment valued at approximately $397,000.
• Camden Property Trust reported a quarterly earnings per share of $1.70, slightly exceeding analysts' expectations, along with revenues of $396.51 million.
• The company announced a quarterly dividend of $1.05 per share, yielding around 4.0%, with a significant dividend payout ratio of 293.71%.

ASR Vermogensbeheer N.V. acquired a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,250 shares of the real estate investment trust's stock, valued at approximately $397,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new position in shares of Camden Property Trust during the 4th quarter worth $31,000. Tsfg LLC acquired a new position in Camden Property Trust during the 1st quarter worth about $40,000. Allworth Financial LP lifted its stake in Camden Property Trust by 47.4% during the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 158 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Camden Property Trust during the 1st quarter worth about $64,000. Finally, Intact Investment Management Inc. acquired a new position in Camden Property Trust during the 1st quarter worth about $73,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the transaction, the director owned 117,374 shares of the company's stock, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Camden Property Trust Price Performance

Shares of CPT traded up $0.82 during midday trading on Tuesday, reaching $104.87. The stock had a trading volume of 786,913 shares, compared to its average volume of 926,432. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The firm's 50 day moving average price is $113.18 and its 200-day moving average price is $115.72. The company has a market capitalization of $11.21 billion, a P/E ratio of 73.34, a P/E/G ratio of 3.53 and a beta of 0.78.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The business had revenue of $396.51 million for the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 EPS. On average, analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's payout ratio is currently 293.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPT shares. Truist Financial set a $131.00 price target on Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Mizuho reduced their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. raised their target price on Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 17th. Scotiabank cut their target price on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Finally, Evercore ISI cut their target price on Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $126.94.

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 58,250 apartment homes across the United States.