26,133 Shares of Camden Property Trust $CPT Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Camden Property Trust (NYSE:CPT) in the third quarter, Holdings Channel.com reports. The firm bought 26,133 shares of the real estate investment trust’s stock, valued at approximately $2,528,000.

Several other large investors have also recently modified their holdings of the business. ProShare Advisors LLC increased its stake in shares of Camden Property Trust by 2.3% in the third quarter. ProShare Advisors LLC now owns 19,630 shares of the real estate investment trust’s stock worth $1,899,000 after purchasing an additional 450 shares in the last quarter. MGO One Seven LLC lifted its stake in shares of Camden Property Trust by 6.6% during the 3rd quarter. MGO One Seven LLC now owns 5,908 shares of the real estate investment trust’s stock valued at $571,000 after buying an additional 367 shares in the last quarter. Americana Partners LLC boosted its holdings in Camden Property Trust by 7.7% in the 3rd quarter. Americana Partners LLC now owns 3,379 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 242 shares during the period. D.A. Davidson & CO. boosted its holdings in Camden Property Trust by 20.8% in the 3rd quarter. D.A. Davidson & CO. now owns 2,552 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 440 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Camden Property Trust by 6.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 178,845 shares of the real estate investment trust’s stock worth $17,300,000 after buying an additional 11,302 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Key Headlines Impacting Camden Property Trust

Here are the key news stories impacting Camden Property Trust this week:

• Positive Sentiment: Q3 funds from operations (FFO) were $1.71 per share, topping the $1.69 consensus and rising from $1.70 a year earlier. The company also cited improving leasing trends and lower property expenses. Camden Property’s Q3 FFO Beats Estimates as Leasing Trends Improve
• Neutral Sentiment: Camden forecast Q4 core FFO of $1.63–$1.67 per share; the available report did not provide a comparable analyst estimate to gauge whether the outlook is above or below expectations. Camden Property Trust Q4 Core FFO Guidance
• Negative Sentiment: Revenue was $381.06 million, below analysts’ $384.88 million estimate and down 3.7% year over year. Reports also flagged weakness in same-property NOI, tempering the FFO beat and raising concerns about operating momentum. Camden Property Q3 FFO Higher, Revenue Lower; Issues Guidance

Analysts Set New Price Targets

CPT has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Camden Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Mizuho dropped their target price on Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 8th. Barclays cut their price target on Camden Property Trust from $123.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $114.00 price target on shares of Camden Property Trust in a research report on Monday, July 20th. Finally, Stifel Nicolaus set a $123.25 price target on Camden Property Trust in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $111.62.

Camden Property Trust Trading Down 3.7%

Shares of Camden Property Trust stock opened at $99.83 on Friday. Camden Property Trust has a 12-month low of $95.30 and a 12-month high of $119.81. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 7.39 and a beta of 0.75. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average price is $100.55 and its 200-day moving average price is $105.83.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. The company had revenue of $381.06 million during the quarter, compared to analyst estimates of $384.88 million. Camden Property Trust had a net margin of 71.94% and a return on equity of 26.99%. Camden Property Trust’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share. On average, equities analysts expect that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were paid a $1.06 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $4.24 annualized dividend and a yield of 4.2%. Camden Property Trust’s dividend payout ratio is currently 140.40%.

About Camden Property Trust

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas.

Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.