9,992 Shares in Camden Property Trust (NYSE:CPT) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 9,992 shares of Camden Property Trust, valued at approximately $1,222,000, during the first quarter, indicating growing institutional interest in the real estate sector.
• CPT reported a quarterly earnings per share of $1.70, surpassing analysts' expectations and reflecting 2.4% revenue growth year-over-year.
• Camden Property Trust declared a quarterly dividend of $1.05, representing an annual yield of 3.9%, although the company's dividend payout ratio is notably high at 293.71%.

XTX Topco Ltd purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,992 shares of the real estate investment trust's stock, valued at approximately $1,222,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd lifted its position in Camden Property Trust by 340.3% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 2,439 shares of the real estate investment trust's stock valued at $298,000 after acquiring an additional 1,885 shares in the last quarter. Fielder Capital Group LLC lifted its position in Camden Property Trust by 9.2% in the 1st quarter. Fielder Capital Group LLC now owns 43,921 shares of the real estate investment trust's stock valued at $5,372,000 after acquiring an additional 3,714 shares in the last quarter. Mackenzie Financial Corp lifted its position in Camden Property Trust by 151.7% in the 1st quarter. Mackenzie Financial Corp now owns 10,069 shares of the real estate investment trust's stock valued at $1,231,000 after acquiring an additional 6,068 shares in the last quarter. Applied Finance Capital Management LLC lifted its holdings in shares of Camden Property Trust by 6.6% during the 1st quarter. Applied Finance Capital Management LLC now owns 2,737 shares of the real estate investment trust's stock valued at $335,000 after buying an additional 169 shares during the period. Finally, Tufton Capital Management bought a new position in shares of Camden Property Trust during the 1st quarter valued at $208,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Down 1.1%

Shares of CPT stock traded down $1.14 during trading hours on Monday, reaching $105.81. 847,803 shares of the company's stock were exchanged, compared to its average volume of 884,397. The stock's 50 day moving average is $114.62 and its 200-day moving average is $116.03. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 73.99, a P/E/G ratio of 3.55 and a beta of 0.78. The company has a current ratio of 0.18, a quick ratio of 0.19 and a debt-to-equity ratio of 0.82. Camden Property Trust has a fifty-two week low of $102.35 and a fifty-two week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The firm had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same period in the previous year, the company earned $1.71 earnings per share. The business's quarterly revenue was up 2.4% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's dividend payout ratio is presently 293.71%.

Insider Activity

In related news, Director Steven A. Webster sold 1,200 shares of Camden Property Trust stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $118.76, for a total value of $142,512.00. Following the sale, the director directly owned 117,374 shares in the company, valued at approximately $13,939,336.24. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 5,572 shares of Camden Property Trust stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.50, for a total value of $665,854.00. Following the completion of the sale, the chief executive officer owned 289,720 shares in the company, valued at approximately $34,621,540. The trade was a 1.89% 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price target on Camden Property Trust from $120.00 to $118.00 and set a "sector perform" rating on the stock in a report on Monday. Barclays increased their price target on Camden Property Trust from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. increased their price target on Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a report on Tuesday, June 17th. Truist Financial set a $131.00 target price on Camden Property Trust and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Scotiabank decreased their target price on 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $127.83.

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.