Camden Property Trust $CPT Stock: Fulcrum Asset Management LLP Increases Stake

Fulcrum Asset Management LLP boosted its holdings in Camden Property Trust (NYSE:CPT) by 2,492.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,427 shares of the real estate investment trust’s stock after buying an additional 8,102 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Camden Property Trust were worth $815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Carret Asset Management LLC lifted its holdings in shares of Camden Property Trust by 114.2% in the third quarter. Carret Asset Management LLC now owns 9,754 shares of the real estate investment trust’s stock worth $944,000 after acquiring an additional 5,200 shares during the last quarter. Formidable Asset Management LLC bought a new stake in shares of Camden Property Trust during the 3rd quarter valued at approximately $189,000. Alps Advisors Inc. grew its holdings in shares of Camden Property Trust by 777.5% during the 3rd quarter. Alps Advisors Inc. now owns 69,558 shares of the real estate investment trust’s stock valued at $6,728,000 after purchasing an additional 61,631 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in Camden Property Trust by 1,188.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 51,313 shares of the real estate investment trust’s stock worth $4,964,000 after purchasing an additional 47,330 shares in the last quarter. Finally, Calamos Advisors LLC increased its position in Camden Property Trust by 303.3% during the 3rd quarter. Calamos Advisors LLC now owns 371,431 shares of the real estate investment trust’s stock worth $35,929,000 after purchasing an additional 279,336 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $98.41 on Friday. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 10.55 and a beta of 0.75. The company has a current ratio of 1.82, a quick ratio of 0.18 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $100.02 and its 200-day moving average price is $105.67. Camden Property Trust has a 12 month low of $95.30 and a 12 month high of $119.81.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.02. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. The company had revenue of $381.06 million during the quarter, compared to the consensus estimate of $384.88 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, September 30th. Camden Property Trust’s payout ratio is presently 39.52%.

Analyst Upgrades and Downgrades

CPT has been the subject of several research reports. Cantor Fitzgerald dropped their price objective on shares of Camden Property Trust from $111.00 to $101.00 and set a “neutral” rating for the company in a research note on Monday. Stifel Nicolaus set a $123.25 target price on shares of Camden Property Trust in a research note on Friday, July 31st. Scotiabank decreased their target price on shares of Camden Property Trust from $109.00 to $102.00 and set a “sector underperform” rating on the stock in a research note on Thursday, September 17th. Mizuho lowered their price target on shares of Camden Property Trust from $125.00 to $116.00 and set an “outperform” rating for the company in a report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. increased their price target on Camden Property Trust from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $108.73.

Camden Property Trust Profile

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.