U.S. Capital Wealth Advisors LLC Increases Stake in Camden Property Trust (NYSE:CPT)

U.S. Capital Wealth Advisors LLC raised its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 33.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,433 shares of the real estate investment trust's stock after acquiring an additional 15,587 shares during the period. U.S. Capital Wealth Advisors LLC owned approximately 0.06% of Camden Property Trust worth $7,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC increased its position in Camden Property Trust by 20.6% during the first quarter. TD Private Client Wealth LLC now owns 1,478 shares of the real estate investment trust's stock valued at $181,000 after acquiring an additional 252 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Camden Property Trust during the first quarter valued at $64,000. SMART Wealth LLC grew its holdings in shares of Camden Property Trust by 4.6% in the first quarter. SMART Wealth LLC now owns 6,341 shares of the real estate investment trust's stock worth $776,000 after purchasing an additional 279 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Camden Property Trust by 3.1% in the first quarter. IFM Investors Pty Ltd now owns 47,668 shares of the real estate investment trust's stock worth $5,888,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in shares of Camden Property Trust by 1.1% in the first quarter. Calamos Advisors LLC now owns 97,616 shares of the real estate investment trust's stock worth $11,938,000 after purchasing an additional 1,087 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price target for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Scotiabank cut their price target on shares of Camden Property Trust from $144.00 to $136.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. Truist Financial set a $131.00 price target on shares of Camden Property Trust and gave the stock a "buy" rating in a report on Monday, May 19th. JPMorgan Chase & Co. upped their price target 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. Finally, Barclays upped their price target on shares of Camden Property Trust from $127.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $129.39.

Camden Property Trust Stock Up 0.3%

Shares of CPT stock traded up $0.36 during mid-day trading on Thursday, hitting $113.37. 866,543 shares of the stock traded hands, compared to its average volume of 950,858. The stock has a market cap of $12.11 billion, a P/E ratio of 104.01, a P/E/G ratio of 3.43 and a beta of 0.77. The stock's fifty day moving average is $116.15 and its two-hundred day moving average is $116.08. 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 current ratio of 0.19 and a quick ratio of 0.19.

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

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, June 30th. Camden Property Trust's payout ratio is 385.32%.

Insider Activity

In related news, CEO Richard J. Campo sold 5,572 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Webster sold 1,200 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 117,374 shares of the company's stock, valued at $13,939,336.24. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% 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.