Commonwealth Equity Services LLC Purchases 400,384 Shares of Camden Property Trust $CPT

Commonwealth Equity Services LLC lifted its position in Camden Property Trust (NYSE:CPT - Free Report) by 11,442.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 403,883 shares of the real estate investment trust's stock after purchasing an additional 400,384 shares during the quarter. Commonwealth Equity Services LLC owned about 0.40% of Camden Property Trust worth $39,068,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Kings Path Partners LLC bought a new position in shares of Camden Property Trust during the 3rd quarter valued at approximately $29,000. James T. Borello RIA grew its holdings in shares of 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 in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Camden Property Trust in the second quarter valued at $55,000. Western Wealth Management LLC purchased a new position in shares of Camden Property Trust in the first quarter valued at $55,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in Camden Property Trust in the third quarter worth $66,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Performance

Shares of NYSE:CPT opened at $99.83 on Monday. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 7.40 and a beta of 0.75. Camden Property Trust has a 12 month low of $95.30 and a 12 month high of $119.81. The firm's 50-day moving average is $100.55 and its 200 day moving average is $105.83. The company has a current ratio of 1.82, a quick ratio of 0.18 and a debt-to-equity ratio of 0.91.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.02. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. The firm had revenue of $381.06 million for the quarter, compared to the consensus estimate of $384.88 million. During the same period in the prior year, the business posted $1.70 earnings per share. The company's revenue for the quarter was down 3.7% on a year-over-year basis. Research analysts predict that Camden Property Trust will post 6.75 EPS for the current year.

Camden Property Trust Announces Dividend

The business 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. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.2%. Camden Property Trust's dividend payout ratio is presently 140.40%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Piper Sandler decreased their price target on shares of Camden Property Trust from $119.00 to $102.00 and set a "neutral" rating on the stock in a research note on Monday, October 12th. Cantor Fitzgerald increased their price objective on shares of Camden Property Trust from $102.00 to $111.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Scotiabank dropped their price objective on shares of 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. Jefferies Financial Group raised shares of Camden Property Trust to a "hold" rating in a research note on Wednesday, July 22nd. Finally, Barclays reduced their target price on shares of Camden Property Trust from $123.00 to $114.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $111.62.

Key Headlines Impacting Camden Property Trust

Here are the key news stories impacting Camden Property Trust this week:

• Positive Sentiment: Q3 funds from operations (FFO) were $1.71 per share, topping the $1.69 consensus and rising from $1.70 a year earlier. The company also cited improving leasing trends and lower property expenses. Camden Property's Q3 FFO Beats Estimates as Leasing Trends Improve
• Neutral Sentiment: Camden forecast Q4 core FFO of $1.63–$1.67 per share; the available report did not provide a comparable analyst estimate to gauge whether the outlook is above or below expectations. Camden Property Trust Q4 Core FFO Guidance
• Negative Sentiment: Revenue was $381.06 million, below analysts’ $384.88 million estimate and down 3.7% year over year. Reports also flagged weakness in same-property NOI, tempering the FFO beat and raising concerns about operating momentum. Camden Property Q3 FFO Higher, Revenue Lower; Issues Guidance

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas.

Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.

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