HGI Capital Management LLC Has $5.24 Million Stake in Camden Property Trust (NYSE:CPT)

HGI Capital Management LLC decreased its holdings in shares of Camden Property Trust (NYSE:CPT) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,131 shares of the real estate investment trust’s stock after selling 2,707 shares during the period. Camden Property Trust accounts for about 5.4% of HGI Capital Management LLC’s portfolio, making the stock its 6th biggest position. HGI Capital Management LLC’s holdings in Camden Property Trust were worth $5,237,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares in the last quarter. National Pension Service bought a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $26,000. Quent Capital LLC raised its position in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC bought a new position in shares of Camden Property Trust in the 4th quarter worth $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 1.8 %

Camden Property Trust stock opened at $112.16 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $12.20 billion, a P/E ratio of 74.77, a P/E/G ratio of 4.41 and a beta of 0.79. The firm has a 50 day moving average price of $118.31 and a 200-day moving average price of $118.02. Camden Property Trust has a twelve month low of $94.88 and a twelve month high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Monday, March 31st. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Analysts Set New Price Targets

CPT has been the topic of several research reports. Barclays lowered their price objective on shares of Camden Property Trust from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Royal Bank of Canada boosted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Scotiabank increased their price objective on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Friday, February 14th. Finally, Truist Financial lifted their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $127.61.

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.