Duality Advisers LP Acquires Shares of 6,163 Camden Property Trust (NYSE:CPT)

Duality Advisers LP acquired a new stake in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, HoldingsChannel reports. The firm acquired 6,163 shares of the real estate investment trust’s stock, valued at approximately $612,000.

Several other institutional investors have also added to or reduced their stakes in the company. Cooper Financial Group raised its position in Camden Property Trust by 3.3% during the fourth quarter. Cooper Financial Group now owns 4,295 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 139 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Camden Property Trust by 60.8% during the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 144 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Camden Property Trust by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 46,919 shares of the real estate investment trust’s stock worth $4,438,000 after buying an additional 170 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Camden Property Trust by 3.7% during the third quarter. New Mexico Educational Retirement Board now owns 5,600 shares of the real estate investment trust’s stock worth $530,000 after buying an additional 200 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Camden Property Trust by 0.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,712 shares of the real estate investment trust’s stock worth $2,526,000 after buying an additional 205 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research reports. Piper Sandler reaffirmed an “underweight” rating and set a $90.00 target price on shares of Camden Property Trust in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. Mizuho decreased their target price on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Finally, Morgan Stanley boosted their target price on shares of Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $104.29.

Camden Property Trust Stock Performance

Shares of CPT opened at $98.19 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $10.69 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 3.70 and a beta of 0.83. The firm’s fifty day simple moving average is $97.24 and its two-hundred day simple moving average is $95.15. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 earnings per share. As a group, analysts predict that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a dividend of $1.03 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.12 annualized dividend and a dividend yield of 4.20%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s dividend payout ratio is currently 111.35%.

About Camden Property Trust

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 58,634 apartment homes across the United States.