Citigroup Inc. Purchases 51,032 Shares of Camden Property Trust $CPT

Citigroup Inc. increased its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 49.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,106 shares of the real estate investment trust's stock after purchasing an additional 51,032 shares during the quarter. Citigroup Inc. owned 0.14% of Camden Property Trust worth $18,847,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CPT. GAMMA Investing LLC increased its stake in Camden Property Trust by 12,973.9% during the 1st quarter. GAMMA Investing LLC now owns 403,590 shares of the real estate investment trust's stock worth $49,359,000 after purchasing an additional 400,503 shares in the last quarter. Northern Trust Corp boosted its position in Camden Property Trust by 33.7% during the 4th quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after acquiring an additional 357,718 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Camden Property Trust by 43.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 749,607 shares of the real estate investment trust's stock worth $86,984,000 after acquiring an additional 225,336 shares during the last quarter. Landmark Investment Partners L.P. acquired a new position in Camden Property Trust during the 4th quarter worth approximately $25,237,000. Finally, Waterfront Capital Partners LLC acquired a new position in Camden Property Trust during the 4th quarter worth approximately $22,300,000. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CPT. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley lowered their price target on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. JPMorgan Chase & Co. increased their price objective on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. UBS Group cut their price objective on Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Finally, Piper Sandler cut their price objective on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a report on Monday, August 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $124.94.

Camden Property Trust Price Performance

CPT stock traded down $0.48 during midday trading on Monday, reaching $106.35. The company had a trading volume of 148,059 shares, compared to its average volume of 982,434. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 74.30, a price-to-earnings-growth ratio of 3.63 and a beta of 0.78. The stock has a 50 day moving average price of $112.59 and a 200-day moving average price of $115.62. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18.

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

Camden Property Trust Dividend Announcement

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