Machina Capital S.A.S. Makes New $403,000 Investment in Camden Property Trust (NYSE:CPT)

Key Points

• Machina Capital S.A.S. has acquired a new stake in Camden Property Trust, purchasing 3,294 shares worth approximately $403,000.
• Analyst ratings for Camden Property Trust show mixed opinions, with two sell ratings, ten hold ratings, and seven buy ratings, reflecting a current average rating of "Hold."
• Camden Property Trust announced a quarterly dividend of $1.05 per share, translating to an annualized yield of 3.70%.

Machina Capital S.A.S. purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,294 shares of the real estate investment trust's stock, valued at approximately $403,000.

Several other hedge funds have also recently bought and sold shares of CPT. Northern Trust Corp increased its holdings in shares of Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after buying an additional 357,718 shares in the last quarter. Natixis boosted its position in shares of Camden Property Trust by 741.3% during the fourth quarter. Natixis now owns 18,063 shares of the real estate investment trust's stock worth $2,096,000 after purchasing an additional 15,916 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Camden Property Trust by 6.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 244,789 shares of the real estate investment trust's stock worth $28,657,000 after purchasing an additional 13,784 shares during the period. Jump Financial LLC boosted its stake in Camden Property Trust by 32.1% in the 4th quarter. Jump Financial LLC now owns 20,777 shares of the real estate investment trust's stock worth $2,411,000 after purchasing an additional 5,051 shares during the period. Finally, MQS Management LLC bought a new stake in Camden Property Trust during the 1st quarter worth about $1,421,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Shares of NYSE:CPT traded up $1.06 during midday trading on Tuesday, reaching $113.29. 216,523 shares of the company's stock traded hands, compared to its average volume of 972,348. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.69. The company has a market cap of $12.10 billion, a P/E ratio of 103.92, a PEG ratio of 3.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.19 and a current ratio of 0.19. The company has a fifty day simple moving average of $115.00 and a two-hundred day simple moving average of $116.07.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a net margin of 7.62% and a return on equity of 2.47%. The business had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's dividend payout ratio is currently 385.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPT. Mizuho lowered their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. UBS Group decreased their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Wall Street Zen lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus target price of $129.28.

Insider Activity

In other Camden Property Trust news, CEO Richard J. Campo sold 5,572 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the sale, the chief executive officer owned 289,720 shares in the company, valued at approximately $34,621,540. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director owned 117,374 shares of the company's stock, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Camden Property Trust 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.