WINTON GROUP Ltd acquired a new position in Camden Property Trust (NYSE:CPT – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,600 shares of the real estate investment trust’s stock, valued at approximately $1,239,000.
A number of other hedge funds have also recently made changes to their positions in the business. Abich Financial Wealth Management LLC bought a new position in Camden Property Trust during the 3rd quarter valued at approximately $25,000. Quent Capital LLC bought a new position in Camden Property Trust in the 3rd quarter worth about $29,000. Loomis Sayles & Co. L P purchased a new stake in shares of Camden Property Trust during the second quarter valued at approximately $32,000. Hantz Financial Services Inc. boosted its position in shares of Camden Property Trust by 524.4% during the third quarter. Hantz Financial Services Inc. now owns 281 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 236 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Camden Property Trust during the 2nd quarter valued at about $32,000. 97.22% of the stock is currently owned by institutional investors.
Camden Property Trust Price Performance
Shares of CPT opened at $101.85 on Thursday. Camden Property Trust has a 1-year low of $97.17 and a 1-year high of $124.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a 50-day simple moving average of $108.18 and a two-hundred day simple moving average of $106.44. The stock has a market cap of $10.53 billion, a PE ratio of 28.77, a P/E/G ratio of 7.00 and a beta of 0.82.
Camden Property Trust announced that its Board of Directors has authorized a share repurchase program on Thursday, February 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
Camden Property Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Tuesday, March 31st will be issued a dividend of $1.06 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.05. This represents a $4.24 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Camden Property Trust’s payout ratio is presently 118.64%.
Insider Buying and Selling at Camden Property Trust
In other Camden Property Trust news, CFO Alexander J. Jessett sold 5,627 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $109.69, for a total transaction of $617,225.63. Following the completion of the sale, the chief financial officer directly owned 141,821 shares in the company, valued at $15,556,345.49. This represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Laurie Baker sold 2,168 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $108.40, for a total value of $235,011.20. Following the sale, the chief operating officer owned 94,468 shares in the company, valued at approximately $10,240,331.20. The trade was a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,625 shares of company stock valued at $5,995,193 in the last quarter. Insiders own 1.80% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on CPT shares. Wells Fargo & Company lowered their target price on Camden Property Trust from $111.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Royal Bank Of Canada decreased their price target on shares of Camden Property Trust from $109.00 to $108.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 10th. Barclays dropped their price target on shares of Camden Property Trust from $119.00 to $115.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Piper Sandler set a $108.00 price target on shares of Camden Property Trust in a research note on Tuesday, January 27th. Finally, Stifel Nicolaus set a $118.50 price objective on shares of Camden Property Trust in a research note on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $115.41.
View Our Latest Stock Report on CPT
Camden Property Trust Company Profile
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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