Charles Schwab Investment Management Inc. Boosts Position in Camden Property Trust (NYSE:CPT)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Camden Property Trust by 1.6%, owning 1,538,038 shares valued at approximately $188.1 million by the end of the quarter.
• Camden Property Trust reported earnings of $1.70 per share, slightly exceeding analysts' expectations, and experienced a 2.4% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $1.05 per share, representing a 4.0% yield, while the payout ratio stands at a high 293.71%.

Charles Schwab Investment Management Inc. lifted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,538,038 shares of the real estate investment trust's stock after acquiring an additional 23,488 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.41% of Camden Property Trust worth $188,102,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Camden Property Trust by 12,973.9% in the 1st quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock worth $49,359,000 after buying an additional 400,503 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Camden Property Trust by 33.7% in 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 during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Camden Property Trust by 43.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 749,607 shares of the real estate investment trust's stock worth $86,984,000 after purchasing an additional 225,336 shares during the period. Landmark Investment Partners L.P. acquired a new stake in Camden Property Trust in the fourth quarter valued at approximately $25,237,000. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Camden Property Trust in the fourth quarter valued at approximately $23,972,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of research reports. Truist Financial set a $131.00 target price on shares of Camden Property Trust and gave the stock a "buy" rating in a research report on Monday, May 19th. Barclays cut their target price on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research report on Tuesday. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. UBS Group reduced 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. Finally, Scotiabank reduced their price target on Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $126.94.

Insider Transactions at Camden Property Trust

In other Camden Property Trust news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction on 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 in the company, valued at approximately $13,939,336.24. The trade was a 1.01% 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. Insiders own 1.90% of the company's stock.

Camden Property Trust Trading Up 0.8%

Shares of CPT stock traded up $0.82 during trading hours on Tuesday, reaching $104.87. The company's stock had a trading volume of 786,913 shares, compared to its average volume of 926,432. The stock 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 has a one year low of $102.35 and a one year high of $127.69. The firm's fifty day simple moving average is $113.18 and its 200 day simple moving average is $115.72. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82.

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

Camden Property Trust Dividend Announcement

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

About Camden Property Trust

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.