Chicago Capital LLC Invests $402,000 in Camden Property Trust (NYSE:CPT)

Chicago Capital LLC purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 3,290 shares of the real estate investment trust's stock, valued at approximately $402,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Camden Property Trust by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after acquiring an additional 125,287 shares during the period. Victory Capital Management Inc. raised its position in shares of Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after acquiring an additional 277,117 shares during the period. Invesco Ltd. raised its position in shares of Camden Property Trust by 17.3% in the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after acquiring an additional 438,685 shares during the period. Geode Capital Management LLC raised its position in shares of Camden Property Trust by 2.8% in the 4th 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 acquiring an additional 76,429 shares during the period. Finally, Centersquare Investment Management LLC raised its position in shares of Camden Property Trust by 15.9% in the 4th 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 acquiring an additional 345,331 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.0%

Shares of NYSE:CPT traded down $0.02 during midday trading on Friday, hitting $115.60. The stock had a trading volume of 1,585,761 shares, compared to its average volume of 926,349. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.80. The business's 50-day simple moving average is $115.85 and its 200-day simple moving average is $116.54. The company has a market cap of $12.35 billion, a P/E ratio of 106.05, a PEG ratio of 3.50 and a beta of 0.78.

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 for the quarter, beating the consensus estimate 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 analysts' expectations of $388.47 million. During the same period last year, the business earned $1.70 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.63%. Camden Property Trust's dividend payout ratio (DPR) is 385.32%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Scotiabank dropped their target price on shares of 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. JPMorgan Chase & Co. raised their target price on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and raised their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Barclays raised their target price on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Mizuho dropped their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $129.39.

Insiders Place Their Bets

In other 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 sale, the director now owns 117,374 shares of the company's stock, valued at approximately $13,939,336.24. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction 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 sale, the chief executive officer now directly owns 289,720 shares of the company's stock, valued at $34,621,540. This 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 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.