Family Firm Inc. Makes New Investment in Camden Property Trust (NYSE:CPT)

Family Firm Inc. bought a new position in shares of Camden Property Trust (NYSE:CPT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 357 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Several other hedge funds have also recently bought and sold shares of the business. Traynor Capital Management Inc. acquired a new position in Camden Property Trust during the second quarter worth $218,000. Security National Bank grew its position in shares of Camden Property Trust by 1.2% in the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after purchasing an additional 101 shares during the last quarter. Raymond James & Associates grew its position in shares of Camden Property Trust by 1.0% in the second quarter. Raymond James & Associates now owns 100,055 shares of the real estate investment trust’s stock valued at $10,917,000 after purchasing an additional 956 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of Camden Property Trust by 1.0% in the second quarter. Boston Trust Walden Corp now owns 280,072 shares of the real estate investment trust’s stock valued at $30,559,000 after purchasing an additional 2,852 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its position in shares of Camden Property Trust by 138.0% in the second quarter. Coronation Fund Managers Ltd. now owns 144,972 shares of the real estate investment trust’s stock valued at $15,818,000 after purchasing an additional 84,054 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Shares of NYSE:CPT traded up $1.61 during trading on Friday, reaching $122.60. The stock had a trading volume of 817,889 shares, compared to its average volume of 970,271. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $123.54. The business’s 50-day moving average price is $113.21 and its 200 day moving average price is $104.49. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $13.06 billion, a PE ratio of 30.05, a P/E/G ratio of 4.50 and a beta of 0.88.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The firm had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.95%. During the same quarter last year, the firm posted $1.70 EPS. As a group, equities analysts predict that Camden Property Trust will post 6.73 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Friday, June 28th. Camden Property Trust’s dividend payout ratio is currently 100.98%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CPT shares. Truist Financial raised their price target on Camden Property Trust from $114.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Piper Sandler upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and increased their target price for the company from $90.00 to $110.00 in a research note on Monday, May 6th. Wells Fargo & Company increased their target price on shares of Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a research note on Friday, May 31st. Wedbush increased their target price on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Evercore ISI reduced their target price on shares of Camden Property Trust from $111.00 to $110.00 and set an “in-line” rating for the company in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus target price of $112.74.

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.