First American Bank Trims Stock Position in Camden Property Trust (NYSE:CPT)

First American Bank trimmed its holdings in Camden Property Trust (NYSE:CPT) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,742 shares of the real estate investment trust’s stock after selling 1,051 shares during the period. First American Bank’s holdings in Camden Property Trust were worth $1,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new stake in Camden Property Trust in the second quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth $33,000. Family Firm Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth $39,000. Versant Capital Management Inc raised its position in shares of Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 350 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Camden Property Trust by 367.8% in the third quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank raised their price objective on Camden Property Trust from $125.00 to $132.00 and gave the stock a “sector perform” rating in a report on Monday, September 16th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target for the company. Piper Sandler boosted their price objective on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Truist Financial increased their target price on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $121.76.

Camden Property Trust Trading Down 1.7 %

Shares of NYSE CPT opened at $118.29 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $12.60 billion, a P/E ratio of 28.99, a PEG ratio of 4.51 and a beta of 0.90. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $127.69. The stock’s 50 day moving average price is $122.43 and its two-hundred day moving average price is $112.80.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same quarter last year, the company earned $1.70 EPS. On average, analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.48%. Camden Property Trust’s dividend payout ratio is presently 100.98%.

Camden Property Trust Company 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.