Hsbc Holdings PLC increased its stake in shares of Camden Property Trust (NYSE:CPT – Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 523,824 shares of the real estate investment trust’s stock after purchasing an additional 17,270 shares during the period. Hsbc Holdings PLC’s holdings in Camden Property Trust were worth $57,722,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CYBER HORNET ETFs LLC acquired a new stake in Camden Property Trust in the 2nd quarter worth about $32,000. Clearstead Advisors LLC raised its holdings in shares of Camden Property Trust by 92.0% during the fourth quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 138 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Camden Property Trust in the third quarter valued at approximately $32,000. MUFG Securities EMEA plc purchased a new position in shares of Camden Property Trust in the second quarter valued at approximately $35,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Camden Property Trust in the fourth quarter worth approximately $42,000. 97.22% of the stock is owned by hedge funds and other institutional investors.
Camden Property Trust Trading Down 0.1%
Shares of Camden Property Trust stock opened at $108.90 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.42 and a quick ratio of 0.42. The stock’s 50 day simple moving average is $106.59 and its 200-day simple moving average is $106.09. The stock has a market cap of $10.95 billion, a P/E ratio of 30.42, a P/E/G ratio of 8.24 and a beta of 0.80. Camden Property Trust has a 1-year low of $96.53 and a 1-year high of $117.50.
Camden Property Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a $1.06 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.9%. Camden Property Trust’s dividend payout ratio (DPR) is 118.44%.
Analyst Ratings Changes
Several brokerages recently commented on CPT. Morgan Stanley set a $117.00 price target on Camden Property Trust in a research report on Friday, May 15th. Barclays raised their price objective on Camden Property Trust from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Scotiabank lifted their target price on shares of Camden Property Trust from $95.00 to $102.00 and gave the stock a “sector underperform” rating in a research note on Thursday. Royal Bank Of Canada upped their target price on shares of Camden Property Trust from $104.00 to $105.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Finally, Evercore set a $113.00 target price on shares of Camden Property Trust in a research report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $114.48.
Camden Property Trust 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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