GAMMA Investing LLC Makes New Investment in Camden Property Trust (NYSE:CPT)

GAMMA Investing LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,640 shares of the real estate investment trust’s stock, valued at approximately $154,000.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its holdings in Camden Property Trust by 0.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust’s stock worth $9,272,000 after purchasing an additional 317 shares during the period. MBB Public Markets I LLC boosted its position in Camden Property Trust by 201.2% during the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after acquiring an additional 156,985 shares in the last quarter. Twin Capital Management Inc. bought a new stake in Camden Property Trust during the 4th quarter valued at $811,000. Cerity Partners LLC bought a new stake in Camden Property Trust during the 4th quarter valued at $6,966,000. Finally, Bank of Nova Scotia boosted its position in Camden Property Trust by 13.8% during the 3rd quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust’s stock valued at $995,000 after acquiring an additional 1,277 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPT has been the topic of several recent research reports. Mizuho dropped their target price on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. Morgan Stanley increased their target price on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Barclays cut Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $138.00 to $100.00 in a research report on Tuesday, February 20th. Finally, StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.29.

Camden Property Trust Stock Performance

NYSE CPT opened at $99.62 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $114.04. The stock has a 50-day simple moving average of $97.25 and a two-hundred day simple moving average of $95.17. The firm has a market capitalization of $10.84 billion, a P/E ratio of 26.92, a PEG ratio of 3.68 and a beta of 0.83.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. During the same period in the previous year, the business earned $1.74 EPS. Camden Property Trust’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Camden Property Trust will post 6.72 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 4.14%. 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.