Daiwa Securities Group Inc. Sells 185,429 Shares of Camden Property Trust (NYSE:CPT)

Daiwa Securities Group Inc. reduced its holdings in Camden Property Trust (NYSE:CPT) by 30.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 414,950 shares of the real estate investment trust’s stock after selling 185,429 shares during the quarter. Daiwa Securities Group Inc. owned 0.39% of Camden Property Trust worth $45,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CPT. Private Advisor Group LLC purchased a new stake in Camden Property Trust in the fourth quarter valued at approximately $219,000. Principal Securities Inc. purchased a new stake in shares of Camden Property Trust during the 4th quarter valued at $196,000. QRG Capital Management Inc. raised its position in shares of Camden Property Trust by 27.4% during the 4th quarter. QRG Capital Management Inc. now owns 3,121 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 671 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Camden Property Trust by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock worth $153,633,000 after acquiring an additional 16,389 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Camden Property Trust by 9.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,424 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $121.32 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a market cap of $12.94 billion, a P/E ratio of 29.74, a P/E/G ratio of 4.59 and a beta of 0.90. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $127.23. The firm has a 50-day moving average of $116.43 and a 200-day moving average of $106.90.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. The business had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. During the same quarter last year, the business posted $1.70 EPS. Sell-side analysts expect that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s payout ratio is currently 100.98%.

Analysts Set New Price Targets

A number of research firms have weighed in on CPT. Truist Financial raised their price target on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Morgan Stanley boosted their target price on Camden Property Trust from $98.00 to $105.50 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. UBS Group increased their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Finally, Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and upped their price objective for the company from $111.00 to $147.00 in a research note on Monday, August 12th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $118.26.

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 58,634 apartment homes across the United States.