Camden Property Trust (NYSE:CPT) Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP trimmed its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,705 shares of the real estate investment trust’s stock after selling 865 shares during the quarter. Sarasin & Partners LLP’s holdings in Camden Property Trust were worth $5,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Camden Property Trust by 16.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock valued at $18,831,000 after acquiring an additional 27,465 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Camden Property Trust by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock valued at $15,781,000 after acquiring an additional 5,926 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Camden Property Trust by 59.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock valued at $1,853,000 after acquiring an additional 7,018 shares during the period. Pinebridge Investments L.P. purchased a new position in Camden Property Trust during the 4th quarter valued at about $1,374,000. Finally, Twin Capital Management Inc. purchased a new position in Camden Property Trust during the 4th quarter valued at about $811,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPT has been the subject of a number of research analyst reports. UBS Group raised their target price on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. raised their target price on Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Evercore ISI decreased their price objective on Camden Property Trust from $111.00 to $110.00 and set an “in-line” rating for the company in a research note on Monday, August 12th. Piper Sandler upgraded Camden Property Trust from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $90.00 to $110.00 in a research note on Monday, May 6th. Finally, Scotiabank lifted their price objective on Camden Property Trust from $108.00 to $116.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.03.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded down $0.17 during trading on Friday, reaching $119.64. The company had a trading volume of 464,050 shares, compared to its average volume of 982,281. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 4.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The stock’s fifty day moving average price is $111.87 and its 200 day moving average price is $103.65. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $121.29.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The company had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.95%. During the same period in the previous year, the firm posted $1.70 EPS. As a group, equities research analysts predict that Camden Property Trust will post 6.73 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, June 28th. Camden Property Trust’s payout ratio is currently 100.98%.

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 58,634 apartment homes across the United States.