Camden Property Trust $CPT Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Camden Property Trust by 32.5% during the 1st quarter, acquiring an additional 115,992 shares to reach a total of 472,589 shares valued at approximately $57.8 million.
• Camden Property Trust recently reported quarterly earnings of $1.70 EPS, surpassing analyst expectations, with revenue of $396.51 million, reflecting a 2.4% year-over-year increase.
• The company declared a quarterly dividend of $1.05 per share, which leads to an annualized yield of 3.9%, although its payout ratio is notably high at 293.71%.

Russell Investments Group Ltd. lifted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 32.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 472,589 shares of the real estate investment trust's stock after purchasing an additional 115,992 shares during the quarter. Russell Investments Group Ltd. owned 0.44% of Camden Property Trust worth $57,798,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CPT. Centersquare Investment Management LLC lifted its stake in shares of Camden Property Trust by 3.6% in the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock worth $319,711,000 after acquiring an additional 91,752 shares during the period. JPMorgan Chase & Co. grew its holdings in Camden Property Trust by 17.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock worth $227,942,000 after acquiring an additional 273,966 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Camden Property Trust by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock valued at $184,763,000 after purchasing an additional 7,330 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Camden Property Trust by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock valued at $188,102,000 after purchasing an additional 23,488 shares in the last quarter. Finally, Northern Trust Corp grew its stake in 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 purchasing an additional 357,718 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Trading Down 0.7%

Shares of CPT traded down $0.70 during trading hours on Monday, reaching $106.12. 226,098 shares of the company traded hands, compared to its average volume of 982,904. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. Camden Property Trust has a 12 month low of $102.35 and a 12 month high of $127.69. The company's fifty day moving average price is $112.59 and its two-hundred day moving average price is $115.62. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 74.25, a price-to-earnings-growth ratio of 3.63 and a beta of 0.78.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.01. The business had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.71 earnings per share. Equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal 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 $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, June 30th. Camden Property Trust's dividend payout ratio (DPR) is currently 293.71%.

Wall Street Analysts Forecast Growth

CPT has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Barclays decreased their price target on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. UBS Group dropped their price objective on shares of Camden Property Trust from $126.00 to $114.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Royal Bank Of Canada reduced their price objective on shares of Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating for the company in a report on Monday, August 4th. Finally, Morgan Stanley cut their price target 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, August 13th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust has an average rating of "Hold" and an average price target of $124.94.

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.