Camden Property Trust $CPT Stock Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 415.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,605 shares of the real estate investment trust's stock after buying an additional 18,216 shares during the quarter. Apollon Wealth Management LLC's holdings in Camden Property Trust were worth $2,187,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Lido Advisors LLC boosted its position in Camden Property Trust by 4.5% during the 1st quarter. Lido Advisors LLC now owns 2,904 shares of the real estate investment trust's stock worth $286,000 after purchasing an additional 124 shares during the period. IFM Investors Pty Ltd raised its position in Camden Property Trust by 0.8% in the first quarter. IFM Investors Pty Ltd now owns 17,312 shares of the real estate investment trust's stock valued at $1,691,000 after purchasing an additional 132 shares during the period. James T. Borello RIA raised its position in Camden Property Trust by 76.3% in the third quarter. James T. Borello RIA now owns 409 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 177 shares during the period. Patton Fund Management Inc. raised its position in Camden Property Trust by 9.7% in the first quarter. Patton Fund Management Inc. now owns 2,318 shares of the real estate investment trust's stock valued at $226,000 after purchasing an additional 205 shares during the period. Finally, Summit Securities Group LLC lifted its stake in shares of Camden Property Trust by 169.6% during the first quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Down 2.2%

NYSE:CPT opened at $99.32 on Thursday. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 7.60 and a beta of 0.79. Camden Property Trust has a one year low of $95.30 and a one year high of $119.81. The stock has a 50-day simple moving average of $101.40 and a 200 day simple moving average of $106.06. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.18 and a current ratio of 0.18.

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

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Wednesday, September 30th. Camden Property Trust's payout ratio is 140.40%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CPT. Wall Street Zen downgraded Camden Property Trust from a "sell" rating to a "strong sell" rating in a research report on Saturday, October 17th. Scotiabank lowered their target price on Camden Property Trust from $109.00 to $102.00 and set a "sector underperform" rating for the company in a research note on Thursday, September 17th. Piper Sandler dropped their target price on Camden Property Trust from $119.00 to $102.00 and set a "neutral" rating on the stock in a report on Monday, October 12th. Weiss Ratings lowered Camden Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Finally, Mizuho reduced their price target on Camden Property Trust from $125.00 to $116.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 8th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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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