Fielder Capital Group LLC Has $5.37 Million Stock Position in Camden Property Trust (NYSE:CPT)

Key Points

• Fielder Capital Group LLC increased its stake in Camden Property Trust by 9.2%, owning approximately $5.37 million in shares, which represent about 1.6% of its total holdings.
• A significant proportion of Camden Property Trust's stock, around 97.22%, is owned by institutional investors and hedge funds, highlighting strong interest from larger financial entities.
• Camden Property Trust's recent quarterly earnings report showed an EPS of $1.72, surpassing analysts' expectations and reflecting a 2.0% revenue increase from the same period last year.

Fielder Capital Group LLC lifted its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,921 shares of the real estate investment trust's stock after purchasing an additional 3,714 shares during the quarter. Camden Property Trust makes up about 1.6% of Fielder Capital Group LLC's holdings, making the stock its 18th biggest position. Fielder Capital Group LLC's holdings in Camden Property Trust were worth $5,372,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Camden Property Trust during the 4th quarter worth $187,606,000. Invesco Ltd. boosted its holdings in shares of Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after buying an additional 438,685 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 400,503 shares during the period. Northern Trust Corp boosted its holdings in shares of 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 buying an additional 357,718 shares during the period. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Camden Property Trust by 15.9% during the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after buying an additional 345,331 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CPT. UBS Group decreased their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the stock an "underweight" rating in a report on Tuesday, June 17th. Mizuho decreased their price objective on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. 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. Finally, Barclays set a $137.00 price objective on shares of Camden Property Trust and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $129.28.

Camden Property Trust Price Performance

NYSE:CPT opened at $113.53 on Monday. The company has a 50-day moving average of $115.14 and a 200-day moving average of $116.05. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 104.16, a PEG ratio of 3.76 and a beta of 0.77. Camden Property Trust has a 52 week low of $102.35 and a 52 week high of $127.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.19 and a current ratio of 0.19.

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

Camden Property Trust Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's payout ratio is 385.32%.

Insider Transactions at Camden Property Trust

In related news, Director Steven A. Webster sold 1,200 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $118.76, for a total transaction of $142,512.00. Following the completion of the sale, the director owned 117,374 shares in the company, valued at $13,939,336.24. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total transaction of $665,854.00. Following the sale, the chief executive officer owned 289,720 shares of the company's stock, valued at $34,621,540. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

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.

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