Camden Property Trust (NYSE:CPT) Stock Holdings Increased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its holdings in Camden Property Trust (CPT) by 114.0%, owning 5,737 shares worth approximately $702,000 as of the latest SEC filing.
• Analysts have mixed ratings on CPT, with an average rating of "Hold" and a price target of $129.28, reflecting varying expectations for the stock's performance.
• Camden Property Trust recently announced a quarterly dividend of $1.05 per share, representing a yield of 3.66%, although its dividend payout ratio stands at a high 385.32%.

Bayforest Capital Ltd grew its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 114.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,737 shares of the real estate investment trust's stock after acquiring an additional 3,056 shares during the quarter. Bayforest Capital Ltd's holdings in Camden Property Trust were worth $702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after acquiring an additional 438,685 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Camden Property Trust by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock valued at $326,032,000 after buying an additional 76,429 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Camden Property Trust by 15.9% in the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock valued at $292,699,000 after buying an additional 345,331 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Camden Property Trust by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,078,944 shares of the real estate investment trust's stock valued at $241,241,000 after buying an additional 104,102 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Camden Property Trust by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock valued at $184,763,000 after buying an additional 7,330 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

Shares of NYSE CPT traded down $2.17 during mid-day trading on Friday, hitting $107.03. The company had a trading volume of 2,037,602 shares, compared to its average volume of 782,517. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 74.85, a PEG ratio of 3.62 and a beta of 0.78. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.19 and a quick ratio of 0.19. The firm's 50 day simple moving average is $114.62 and its two-hundred day simple moving average is $115.98.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. The business had revenue of $396.51 million for the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.28% and a net margin of 9.99%. The business's revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. As a group, equities research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. Camden Property Trust's dividend payout ratio (DPR) is 293.71%.

Analysts Set New Price Targets

CPT has been the subject of a number of recent research reports. UBS Group lowered their target price on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Wall Street Zen lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Mizuho lowered their target price on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Barclays increased their target price on Camden Property Trust from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Scotiabank lowered their price objective on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and an average price target of $129.28.

Insider Activity at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the sale, the director owned 117,374 shares of the company's stock, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of the firm'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 directly owned 289,720 shares in the company, valued at approximately $34,621,540. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

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.