279,336 Camden Property Trust $CPT Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC grew its position in shares of Camden Property Trust (NYSE:CPT) by 303.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 371,431 shares of the real estate investment trust’s stock after acquiring an additional 279,336 shares during the period. Calamos Advisors LLC’s holdings in Camden Property Trust were worth $35,929,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC increased its holdings in Camden Property Trust by 4.0% in the third quarter. Park Avenue Securities LLC now owns 2,617 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 101 shares during the last quarter. Lido Advisors LLC lifted its stake in Camden Property Trust by 4.5% in the first quarter. Lido Advisors LLC now owns 2,904 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 124 shares during the last quarter. James T. Borello RIA increased its stake in shares of Camden Property Trust by 76.3% during the 3rd quarter. James T. Borello RIA now owns 409 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 177 shares during the last quarter. Americana Partners LLC increased its stake in shares of Camden Property Trust by 7.7% during the 3rd quarter. Americana Partners LLC now owns 3,379 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 242 shares during the last quarter. Finally, Summit Securities Group LLC increased its stake in shares of Camden Property Trust by 169.6% during the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 268 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

CPT stock traded down $3.88 during midday trading on Friday, hitting $99.83. 1,702,748 shares of the company traded hands, compared to its average volume of 855,251. Camden Property Trust has a twelve month low of $95.30 and a twelve month high of $119.81. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.25. The business has a 50 day simple moving average of $100.55 and a 200-day simple moving average of $105.83. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 7.56 and a beta of 0.75.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. The business had revenue of $381.06 million during the quarter, compared to analysts’ expectations of $384.88 million. Camden Property Trust had a net margin of 20.80% and a return on equity of 7.66%. Camden Property Trust’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 earnings per share. As a group, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is currently 140.40%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Camden Property Trust from $105.00 to $101.00 and set a “neutral” rating for the company in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $114.00 target price on shares of Camden Property Trust in a research report on Monday, July 20th. Mizuho cut their target price on Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a report on Tuesday, September 8th. Cantor Fitzgerald raised their target price on Camden Property Trust from $102.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Evercore set a $110.00 price target on Camden Property Trust in a research report on Monday, September 21st. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $111.62.

Key Stories Impacting Camden Property Trust

Here are the key news stories impacting Camden Property Trust this week:

• Positive Sentiment: Q3 funds from operations (FFO) were $1.71 per share, topping the $1.69 consensus and rising from $1.70 a year earlier. The company also cited improving leasing trends and lower property expenses. Camden Property’s Q3 FFO Beats Estimates as Leasing Trends Improve
• Neutral Sentiment: Camden forecast Q4 core FFO of $1.63–$1.67 per share; the available report did not provide a comparable analyst estimate to gauge whether the outlook is above or below expectations. Camden Property Trust Q4 Core FFO Guidance
• Negative Sentiment: Revenue was $381.06 million, below analysts’ $384.88 million estimate and down 3.7% year over year. Reports also flagged weakness in same-property NOI, tempering the FFO beat and raising concerns about operating momentum. Camden Property Q3 FFO Higher, Revenue Lower; Issues Guidance

Camden Property Trust Profile

Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company’s in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.