CORDA Investment Management LLC. Has $7.29 Million Stock Position in Camden Property Trust (NYSE:CPT)

CORDA Investment Management LLC. reduced its stake in shares of Camden Property Trust (NYSE:CPT) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,949 shares of the real estate investment trust’s stock after selling 830 shares during the quarter. CORDA Investment Management LLC. owned 0.05% of Camden Property Trust worth $7,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Camden Property Trust by 44.7% in the first quarter. First Trust Advisors LP now owns 37,445 shares of the real estate investment trust’s stock valued at $3,801,000 after buying an additional 11,574 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Camden Property Trust by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 122 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Camden Property Trust by 49.6% in the first quarter. Commonwealth Equity Services LLC now owns 10,104 shares of the real estate investment trust’s stock valued at $1,110,000 after purchasing an additional 3,352 shares during the last quarter. Commerce Bank bought a new position in Camden Property Trust in the first quarter valued at about $202,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Camden Property Trust by 7.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 54,497 shares of the real estate investment trust’s stock valued at $5,990,000 after purchasing an additional 3,669 shares during the last quarter. 95.61% of the stock is currently owned by institutional investors.

Several equities analysts have commented on CPT shares. Truist increased their target price on Camden Property Trust from $138.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 25th. Truist Securities raised their price objective on Camden Property Trust from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Camden Property Trust from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, May 26th. Wolfe Research upgraded Camden Property Trust from a “peer perform” rating to an “outperform” rating in a report on Monday, August 30th. Finally, Colliers Securities reiterated a “buy” rating and issued a $160.00 target price on shares of Camden Property Trust in a report on Monday, July 19th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $138.25.

In other news, CEO Richard J. Campo sold 14,409 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The stock was sold at an average price of $148.62, for a total value of $2,141,465.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO H Malcolm Stewart sold 33,350 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The stock was sold at an average price of $148.68, for a total value of $4,958,478.00. Following the completion of the transaction, the chief operating officer now owns 128,635 shares of the company’s stock, valued at $19,125,451.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,208 shares of company stock worth $12,826,682. 2.80% of the stock is currently owned by corporate insiders.

Shares of CPT traded up $0.13 during mid-day trading on Monday, hitting $148.48. The stock had a trading volume of 14,608 shares, compared to its average volume of 697,022. The firm has a market cap of $14.93 billion, a P/E ratio of 118.68, a PEG ratio of 16.12 and a beta of 0.73. The business has a fifty day moving average price of $147.41 and a 200-day moving average price of $130.47. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.80 and a quick ratio of 1.80. Camden Property Trust has a 52 week low of $86.19 and a 52 week high of $154.05.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.97). Camden Property Trust had a net margin of 11.73% and a return on equity of 3.50%. As a group, research analysts expect that Camden Property Trust will post 5.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 18th. Investors of record on Thursday, September 30th will be paid a dividend of $0.83 per share. The ex-dividend date is Wednesday, September 29th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.24%. Camden Property Trust’s payout ratio is 67.76%.

Camden Property Trust Company Profile

Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. It focuses on maintaining a geographically portfolio of apartment homes located across the U.S.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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