Louisiana State Employees Retirement System Buys Shares of 6,500 Camden Property Trust (NYSE:CPT)

Louisiana State Employees Retirement System purchased a new stake in Camden Property Trust (NYSE:CPT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,500 shares of the real estate investment trust’s stock, valued at approximately $645,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in shares of Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 144 shares during the period. Tobam grew 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 valued at $38,000 after buying an additional 375 shares during the period. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust in the 3rd quarter valued at $69,000. Covestor Ltd grew its holdings in shares of Camden Property Trust by 43.0% in the 3rd quarter. Covestor Ltd now owns 1,990 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 598 shares during the period. Finally, Klingman & Associates LLC acquired a new position in shares of Camden Property Trust in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Up 1.4 %

Camden Property Trust stock opened at $99.62 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50-day moving average of $97.32 and a 200-day moving average of $95.16. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 3.74 and a beta of 0.83. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The company had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. Camden Property Trust’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 EPS. On average, equities analysts expect that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.14%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio is presently 111.35%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $103.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research note on Thursday, February 22nd. They issued a “buy” rating and a $112.00 target price for the company. Piper Sandler reaffirmed an “underweight” rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Tuesday, March 26th. Mizuho reduced their target price on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Camden Property Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and an average price target of $104.29.

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.