Sunbelt Securities Inc. Buys 11,538 Shares of Camden Property Trust $CPT

Sunbelt Securities Inc. increased its stake in shares of Camden Property Trust (NYSE:CPT) by 1,852.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,161 shares of the real estate investment trust’s stock after purchasing an additional 11,538 shares during the period. Sunbelt Securities Inc.’s holdings in Camden Property Trust were worth $1,188,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CPT. Maverick Capital Ltd. purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $202,304,000. Norges Bank purchased a new position in shares of Camden Property Trust during the 4th quarter valued at $154,587,000. Viking Global Investors LP grew its position in shares of Camden Property Trust by 41.6% during the 3rd quarter. Viking Global Investors LP now owns 3,846,740 shares of the real estate investment trust’s stock valued at $410,755,000 after purchasing an additional 1,130,718 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Camden Property Trust by 38.4% in the fourth quarter. Invesco Ltd. now owns 3,452,355 shares of the real estate investment trust’s stock worth $380,035,000 after purchasing an additional 957,896 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Camden Property Trust by 64.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,113,896 shares of the real estate investment trust’s stock worth $232,698,000 after purchasing an additional 825,769 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $116.44 on Thursday. Camden Property Trust has a fifty-two week low of $96.53 and a fifty-two week high of $119.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $11.70 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 8.86 and a beta of 0.78. The firm’s fifty day moving average price is $112.31 and its 200-day moving average price is $107.41.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.12. The company had revenue of $390.92 million during the quarter, compared to analyst estimates of $378.11 million. Camden Property Trust had a net margin of 24.69% and a return on equity of 8.71%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 earnings per share. On average, equities research analysts expect that Camden Property Trust will post 6.66 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $4.24 annualized dividend and a yield of 3.6%. Camden Property Trust’s payout ratio is 118.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Camden Property Trust from $107.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Morgan Stanley upped their target price on Camden Property Trust from $117.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camden Property Trust in a report on Friday, July 17th. Evercore set a $113.00 price target on Camden Property Trust in a research report on Monday, June 8th. Finally, Royal Bank Of Canada boosted their price objective on Camden Property Trust from $104.00 to $105.00 and gave the stock a “sector perform” rating in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.40.

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.