Bellwether Advisors LLC Makes New $31,000 Investment in Camden Property Trust (NYSE:CPT)

Bellwether Advisors LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 270 shares of the real estate investment trust’s stock, valued at approximately $31,000.

Several other large investors have also recently bought and sold shares of CPT. Landmark Investment Partners L.P. bought a new stake in shares of Camden Property Trust during the 4th quarter valued at $25,237,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Camden Property Trust during the 4th quarter valued at $7,881,000. Waterfront Capital Partners LLC bought a new stake in shares of Camden Property Trust during the 4th quarter valued at $22,300,000. Brasada Capital Management LP raised its position in shares of Camden Property Trust by 1.6% during the 4th quarter. Brasada Capital Management LP now owns 62,705 shares of the real estate investment trust’s stock valued at $7,002,000 after acquiring an additional 986 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Camden Property Trust by 0.3% during the 4th quarter. Hsbc Holdings PLC now owns 347,155 shares of the real estate investment trust’s stock valued at $40,224,000 after acquiring an additional 903 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 0.4 %

NYSE:CPT opened at $114.43 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The company has a market cap of $12.45 billion, a PE ratio of 76.29, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 52-week low of $98.00 and a 52-week high of $127.69. The stock has a 50-day simple moving average of $117.34 and a 200 day simple moving average of $117.55.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.67%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, March 31st. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Evercore ISI upped their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Stifel Nicolaus upped their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Truist Financial upped their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Royal Bank of Canada upped their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Finally, Barclays lowered their price objective on shares of Camden Property Trust from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. One 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $127.61.

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 58,250 apartment homes across the United States.