Commerzbank Aktiengesellschaft FI Invests $205,000 in Camden Property Trust (NYSE:CPT)

Commerzbank Aktiengesellschaft FI acquired a new position in Camden Property Trust (NYSE:CPT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,653 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other institutional investors have also recently made changes to their positions in the company. Centersquare Investment Management LLC raised its stake in Camden Property Trust by 64.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after purchasing an additional 898,398 shares during the period. Duquesne Family Office LLC bought a new stake in Camden Property Trust during the 2nd quarter valued at approximately $63,056,000. Vanguard Group Inc. raised its stake in Camden Property Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after purchasing an additional 289,425 shares during the period. American Century Companies Inc. raised its stake in Camden Property Trust by 690.1% during the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after purchasing an additional 217,076 shares during the period. Finally, Empyrean Capital Partners LP bought a new stake in Camden Property Trust during the 2nd quarter valued at approximately $22,913,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $120.35 on Friday. Camden Property Trust has a one year low of $82.81 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 4.51 and a beta of 0.90. The stock has a 50 day moving average price of $122.46 and a 200-day moving average price of $112.54.

Camden Property Trust (NYSE:CPT) last issued its quarterly 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). 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 for the quarter, compared to the consensus estimate of $384.76 million. During the same period in the prior year, the business posted $1.70 earnings per share. Equities analysts expect that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Piper Sandler lifted their target price on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Jefferies Financial Group began coverage on Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. BNP Paribas began coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target for the company. Finally, UBS Group raised their price target on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.76.

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.