Wolverine Asset Management LLC trimmed its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 65.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,637 shares of the real estate investment trust's stock after selling 6,964 shares during the quarter. Wolverine Asset Management LLC's holdings in Camden Property Trust were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of CPT. Centersquare Investment Management LLC grew its holdings in shares of Camden Property Trust by 3.6% during 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 purchasing an additional 91,752 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Camden Property Trust by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock worth $184,763,000 after purchasing an additional 7,330 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Camden Property Trust by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock worth $188,102,000 after purchasing an additional 23,488 shares during the last quarter. 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 purchasing an additional 357,718 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Camden Property Trust by 9.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,398,967 shares of the real estate investment trust's stock worth $162,336,000 after purchasing an additional 119,701 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.
Camden Property Trust Stock Up 0.5%
Shares of NYSE CPT traded up $0.58 during mid-day trading on Friday, reaching $106.60. 142,911 shares of the company's stock were exchanged, compared to its average volume of 983,649. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 74.54, a PEG ratio of 3.63 and a beta of 0.78. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $112.77 and a 200 day simple moving average of $115.61. Camden Property Trust has a twelve month low of $102.35 and a twelve month high of $127.69.
Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. Camden Property Trust's revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.71 earnings per share. As a group, equities analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.
Camden Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, June 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.9%. Camden Property Trust's dividend payout ratio (DPR) is presently 293.71%.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Citigroup decreased their target price on Camden Property Trust from $138.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday. Barclays cut their price target on Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research note on Tuesday. Mizuho cut their price target on Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen raised Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler cut their price target on Camden Property Trust from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and an average price target of $124.94.
View Our Latest Stock Analysis on CPT
Camden Property Trust Company Profile
(
Free Report)
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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