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

Chicago Capital LLC purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,290 shares of the real estate investment trust's stock, valued at approximately $402,000.

Other hedge funds also recently made changes to their positions in the company. National Pension Service acquired a new stake in Camden Property Trust in the 4th quarter valued at approximately $26,000. IAG Wealth Partners LLC acquired a new position in Camden Property Trust during the 4th quarter worth $29,000. Bellwether Advisors LLC bought a new position in shares of Camden Property Trust in the fourth quarter worth $31,000. Smartleaf Asset Management LLC grew its stake in shares of Camden Property Trust by 33.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 132 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Camden Property Trust by 220.7% during the fourth quarter. Jones Financial Companies Lllp now owns 558 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 384 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $115.94 on Wednesday. The company has a market capitalization of $12.39 billion, a PE ratio of 106.37, a price-to-earnings-growth ratio of 3.52 and a beta of 0.78. 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 stock has a fifty day moving average of $115.47 and a 200-day moving average of $116.69. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69.

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

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.62%. Camden Property Trust's dividend payout ratio is currently 385.32%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial set a $131.00 price objective on shares of Camden Property Trust and gave the stock a "buy" rating in a report on Monday, May 19th. Wall Street Zen downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Mizuho reduced their price target on shares of 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 price objective on shares of Camden Property Trust from $127.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Scotiabank lowered their price objective on shares of Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Two equities research 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. Based on data from MarketBeat, Camden Property Trust presently has an average rating of "Hold" and a consensus price target of $129.39.

Insider Activity at Camden Property Trust

In other news, 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 transaction of $665,854.00. Following the transaction, the chief executive officer now owns 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 SEC, which can be accessed through the SEC website. Also, Director Steven A. Webster sold 1,200 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the completion of the sale, the director now directly owns 117,374 shares of the company's stock, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

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.

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