Camden Property Trust (NYSE:CPT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,722 shares of the real estate investment trust’s stock after selling 3,950 shares during the period. Nisa Investment Advisors LLC owned approximately 0.07% of Camden Property Trust worth $7,679,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Camden Property Trust in the fourth quarter valued at $90,900,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Camden Property Trust during the 4th quarter worth about $212,000. Louisiana State Employees Retirement System purchased a new position in Camden Property Trust in the fourth quarter valued at approximately $645,000. Cetera Trust Company N.A acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $116,000. Finally, Duality Advisers LP purchased a new stake in Camden Property Trust during the fourth quarter worth approximately $612,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CPT. Morgan Stanley upped their price target on shares of Camden Property Trust from $98.00 to $105.50 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and increased their target price for the company from $111.00 to $147.00 in a research note on Monday, August 12th. Truist Financial boosted their price target on Camden Property Trust from $114.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Mizuho lowered their price objective on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Finally, Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $114.00 to $122.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $113.03.

Camden Property Trust Stock Performance

Shares of CPT stock traded down $0.27 on Monday, hitting $119.37. 353,092 shares of the stock traded hands, compared to its average volume of 978,324. The company’s fifty day moving average is $111.87 and its 200 day moving average is $103.72. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $121.29. The company has a market capitalization of $12.72 billion, a PE ratio of 29.09, a PEG ratio of 4.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.95% and a net margin of 25.64%. The business had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. During the same quarter in the previous year, the business posted $1.70 earnings per share. On average, equities research analysts predict that Camden Property Trust will post 6.73 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.45%. Camden Property Trust’s payout ratio is currently 100.98%.

Camden Property Trust Company 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.