Camden Property Trust $CPT Stock Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its position in Camden Property Trust (NYSE:CPT) by 681.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,628 shares of the real estate investment trust’s stock after buying an additional 112,160 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.13% of Camden Property Trust worth $12,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Maverick Capital Ltd. lifted its stake in Camden Property Trust by 1.6% in the first quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock valued at $182,416,000 after acquiring an additional 30,076 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Camden Property Trust by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust’s stock worth $156,128,000 after acquiring an additional 37,456 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Camden Property Trust by 100.2% during the 1st quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock worth $117,861,000 after purchasing an additional 603,997 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Camden Property Trust by 906.2% during the 3rd quarter. Retirement Systems of Alabama now owns 792,717 shares of the real estate investment trust’s stock worth $76,680,000 after purchasing an additional 713,933 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Camden Property Trust by 945.3% during the 3rd 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 purchasing an additional 557,850 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CPT shares. JPMorgan Chase & Co. lifted their price objective on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Piper Sandler lowered their target price on shares of Camden Property Trust from $119.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Wall Street Zen raised shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada cut their target price on Camden Property Trust from $111.00 to $101.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 13th. Finally, Morgan Stanley reduced their price target on Camden Property Trust from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $111.35.

Camden Property Trust Trading Down 0.4%

Shares of CPT stock opened at $99.89 on Wednesday. Camden Property Trust has a 12 month low of $95.30 and a 12 month high of $119.81. The company has a market cap of $10.00 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 7.46 and a beta of 0.75. The company has a quick ratio of 0.18, a current ratio of 1.82 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average is $100.30 and its two-hundred day moving average is $105.76.

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 71.94% and a return on equity of 26.22%. 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. Equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a yield of 4.2%. Camden Property Trust’s payout ratio is currently 39.52%.

Camden Property Trust Company Profile

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas. Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.