National Bank of Canada FI Purchases 37,990 Shares of Camden Property Trust (NYSE:CPT)

Key Points

• National Bank of Canada FI increased its holdings in Camden Property Trust by 76.1% in Q1, acquiring an additional 37,990 shares for a total of 87,924 shares valued at approximately $10.75 million.
• Camden Property Trust recently reported an EPS of $1.70 for the last quarter, surpassing the consensus estimate by $0.01, alongside a revenue of $396.51 million.
• The company announced a quarterly dividend of $1.05 per share, translating to an annualized dividend yield of 4.0%, reflecting a high payout ratio of 293.71%.

National Bank of Canada FI raised its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 76.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,924 shares of the real estate investment trust's stock after purchasing an additional 37,990 shares during the period. National Bank of Canada FI owned 0.08% of Camden Property Trust worth $10,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its holdings in shares of Camden Property Trust by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after acquiring an additional 90 shares during the period. Country Club Bank increased its stake in shares of Camden Property Trust by 0.4% in the first quarter. Country Club Bank now owns 26,200 shares of the real estate investment trust's stock valued at $3,204,000 after buying an additional 92 shares in the last quarter. Amalgamated Bank increased its stake in shares of Camden Property Trust by 0.5% in the first quarter. Amalgamated Bank now owns 20,558 shares of the real estate investment trust's stock valued at $2,514,000 after buying an additional 93 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Camden Property Trust by 0.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,117 shares of the real estate investment trust's stock valued at $2,102,000 after buying an additional 98 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Camden Property Trust by 8.5% in the first quarter. Signaturefd LLC now owns 1,333 shares of the real estate investment trust's stock valued at $163,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Trading Up 0.8%

Shares of Camden Property Trust stock traded up $0.80 during trading on Friday, hitting $106.82. 789,492 shares of the company were exchanged, compared to its average volume of 975,966. The firm has a market capitalization of $11.41 billion, a P/E ratio of 74.70, a price-to-earnings-growth ratio of 3.63 and a beta of 0.78. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69. The firm's fifty day moving average price is $112.59 and its 200 day moving average price is $115.60. 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 posted its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. The company had revenue of $396.51 million during the quarter, compared to analyst estimates of $393.24 million. During the same period in the previous year, the company earned $1.71 EPS. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

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 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%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler lowered their target price on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Truist Financial set a $131.00 target price on Camden Property Trust and gave the company a "buy" rating in a research note on Monday, May 19th. Morgan Stanley lowered their target price on Camden Property Trust from $130.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday. Citigroup lowered their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research note on Tuesday, June 17th. One investment 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. According to data from MarketBeat.com, Camden Property Trust presently has a consensus rating of "Hold" and an average target price of $124.94.

Camden Property Trust Company 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.