UniSuper Management Pty Ltd Raises Stock Position in Camden Property Trust (NYSE:CPT)

UniSuper Management Pty Ltd grew its holdings in Camden Property Trust (NYSE:CPT) by 29.4% during the first quarter, HoldingsChannel.com reports. The fund owned 40,115 shares of the real estate investment trust’s stock after purchasing an additional 9,105 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Camden Property Trust were worth $3,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in shares of Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 132 shares during the period. Tobam raised its holdings in shares of Camden Property Trust by 4,166.7% in the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 375 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 119 shares in the last quarter. Quarry LP raised its holdings in shares of Camden Property Trust by 1,081.5% in the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 584 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Camden Property Trust by 99.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.4 %

Shares of NYSE:CPT traded down $0.49 during mid-day trading on Tuesday, reaching $112.98. The stock had a trading volume of 459,826 shares, compared to its average volume of 976,587. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71. The firm has a market cap of $12.04 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 4.41 and a beta of 0.88. The firm has a 50 day simple moving average of $107.71 and a two-hundred day simple moving average of $101.35. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $115.66.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.65%. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Scotiabank boosted their target price on shares of Camden Property Trust from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Wedbush boosted their price target on shares of Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Piper Sandler upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $90.00 to $110.00 in a report on Monday, May 6th. Finally, Morgan Stanley boosted their price target on shares of Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $107.75.

Camden Property Trust Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.