Entropy Technologies LP Makes New $4.35 Million Investment in Camden Property Trust (NYSE:CPT)

Key Points

• Entropy Technologies LP acquired a new stake in Camden Property Trust by purchasing 35,536 shares valued at approximately $4.35 million in the first quarter.
• Institutional investors own a significant majority of Camden Property Trust's stock, with 97.22% ownership reported.
• Camden Property Trust recently declared a quarterly dividend of $1.05, resulting in an annualized yield of 4.0%.

Entropy Technologies LP bought a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,536 shares of the real estate investment trust's stock, valued at approximately $4,346,000.

Several other large investors have also recently bought and sold shares of CPT. GAMMA Investing LLC raised its stake 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 valued at $49,359,000 after purchasing an additional 400,503 shares during the period. Northern Trust Corp grew its holdings in shares of Camden Property Trust by 33.7% during 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in Camden Property Trust by 17.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock valued at $227,942,000 after acquiring an additional 273,966 shares in 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. Finally, Landmark Investment Partners L.P. acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $25,237,000. Institutional investors own 97.22% of the company's stock.

Insiders Place Their Bets

In other news, Director Steven A. Webster sold 1,200 shares of the stock in a transaction on 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 transaction, the director directly owned 117,374 shares in the company, valued at approximately $13,939,336.24. This represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented 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 research note on Monday, May 19th. Royal Bank Of Canada decreased their price target on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Scotiabank reiterated a "sector perform" rating and set a $133.00 price objective (down previously from $136.00) on shares of Camden Property Trust in a research note on Thursday. Wall Street Zen raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Evercore ISI dropped their price target on shares of Camden Property Trust from $117.00 to $114.00 and set an "in-line" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and a consensus price target of $125.41.

Camden Property Trust Price Performance

Shares of NYSE CPT traded down $1.07 during mid-day trading on Thursday, reaching $105.93. The company had a trading volume of 510,688 shares, compared to its average volume of 986,543. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 74.13, a PEG ratio of 3.56 and a beta of 0.78. The business's 50-day simple moving average is $112.96 and its 200 day simple moving average is $115.66. Camden Property Trust has a one year low of $102.35 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.18 and a current 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, beating the consensus estimate of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The company had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. During the same period in the previous year, the company earned $1.71 EPS. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a $1.05 dividend. 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 dividend payout ratio (DPR) is currently 293.71%.

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.