Country Club Bank Sells 668 Shares of Camden Property Trust (NYSE:CPT)

Country Club Bank decreased its position in Camden Property Trust (NYSE:CPT) by 2.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,975 shares of the real estate investment trust’s stock after selling 668 shares during the period. Country Club Bank’s holdings in Camden Property Trust were worth $3,213,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Kings Path Partners LLC bought a new stake in shares of Camden Property Trust in the second quarter worth $33,000. Federated Hermes Inc. bought a new stake in Camden Property Trust during the 2nd quarter worth about $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust during the 2nd quarter worth about $39,000. Versant Capital Management Inc boosted its stake in shares of Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 350 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Camden Property Trust by 367.8% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 732 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

CPT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Scotiabank raised their target price on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Evercore ISI increased their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, UBS Group boosted their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.76.

Camden Property Trust Stock Down 1.7 %

CPT stock opened at $118.29 on Friday. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 4.51 and a beta of 0.90. The business’s fifty day moving average price is $122.43 and its two-hundred day moving average price is $112.65.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. The business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same period in the prior year, the business posted $1.70 earnings per share. On average, equities analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.48%. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

About Camden Property Trust

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 58,250 apartment homes across the United States.