105,682 Camden Property Trust $CPT Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 643.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 122,102 shares of the real estate investment trust’s stock after purchasing an additional 105,682 shares during the period. Telos Capital Management Inc.’s holdings in Camden Property Trust were worth $11,811,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CPT. Jennison Associates LLC raised its holdings in Camden Property Trust by 100.2% in the first quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock valued at $117,861,000 after acquiring an additional 603,997 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Camden Property Trust by 945.3% in the third quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust’s stock worth $59,669,000 after acquiring an additional 557,850 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Camden Property Trust by 11,442.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 403,883 shares of the real estate investment trust’s stock worth $39,068,000 after acquiring an additional 400,384 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Camden Property Trust by 1,338.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 403,037 shares of the real estate investment trust’s stock worth $38,986,000 after acquiring an additional 375,027 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Camden Property Trust by 1,099.1% in the 3rd quarter. Yousif Capital Management LLC now owns 263,081 shares of the real estate investment trust’s stock valued at $25,448,000 after purchasing an additional 241,142 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $103.65 on Friday. The firm has a market capitalization of $10.42 billion, a P/E ratio of 34.32, a P/E/G ratio of 7.77 and a beta of 0.75. Camden Property Trust has a 52 week low of $95.30 and a 52 week 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 firm’s 50 day moving average is $100.66 and its two-hundred day moving average is $105.87.

Camden Property Trust (NYSE:CPT) last released 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 company had revenue of $381.06 million for 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%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share. Research analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is 140.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Camden Property Trust from $109.00 to $102.00 and set a “sector underperform” rating on the stock in a research report on Thursday, September 17th. Truist Financial decreased their price objective on shares of Camden Property Trust from $123.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Cantor Fitzgerald boosted their target price on shares of Camden Property Trust from $102.00 to $111.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their target price on Camden Property Trust from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Finally, Wells Fargo & Company dropped their target price on Camden Property Trust from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $111.62.

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.