Camden Property Trust $CPT Shares Newly Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,578 shares of the real estate investment trust’s stock, valued at approximately $1,217,000.

Several other institutional investors have also made changes to their positions in CPT. Maverick Capital Ltd. increased its holdings in Camden Property Trust by 1.6% in the first quarter. Maverick Capital Ltd. now owns 1,867,866 shares of the real estate investment trust’s stock worth $182,416,000 after buying an additional 30,076 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Camden Property Trust by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,598,671 shares of the real estate investment trust’s stock valued at $156,128,000 after acquiring an additional 37,456 shares during the last quarter. Jennison Associates LLC grew its position in Camden Property Trust by 100.2% in the first quarter. Jennison Associates LLC now owns 1,206,854 shares of the real estate investment trust’s stock worth $117,861,000 after acquiring an additional 603,997 shares in the last quarter. Retirement Systems of Alabama grew its position in Camden Property Trust by 906.2% in the third quarter. Retirement Systems of Alabama now owns 792,717 shares of the real estate investment trust’s stock worth $76,680,000 after acquiring an additional 713,933 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Camden Property Trust by 945.3% in the third quarter. State of Alaska Department of Revenue now owns 616,861 shares of the real estate investment trust’s stock worth $59,669,000 after acquiring an additional 557,850 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.7%

Shares of CPT stock opened at $98.41 on Friday. The stock’s 50 day simple moving average is $100.02 and its 200 day simple moving average is $105.67. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.18 and a current ratio of 1.82. Camden Property Trust has a twelve month low of $95.30 and a twelve month high of $119.81. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 10.55 and a beta of 0.75.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, November 5th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.02. The firm had revenue of $381.06 million during the quarter, compared to analyst estimates of $384.88 million. Camden Property Trust had a return on equity of 26.22% and a net margin of 71.94%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. As a group, research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were given a $1.06 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.3%. Camden Property Trust’s dividend payout ratio (DPR) is currently 39.52%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group increased their price target on shares of Camden Property Trust from $101.00 to $107.00 and gave the stock a “neutral” rating in a research note on Tuesday. Cantor Fitzgerald reduced their price objective on shares of Camden Property Trust from $111.00 to $101.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley reduced their price objective on shares of Camden Property Trust from $118.00 to $107.00 and set an “equal weight” rating for the company in a research note on Wednesday. Stifel Nicolaus set a $123.25 price objective on shares of Camden Property Trust in a report on Friday, July 31st. Finally, Wall Street Zen raised shares of Camden Property Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 7th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $108.73.

About Camden Property Trust

Camden Property Trust is a real estate investment trust that owns, develops, acquires and manages apartment communities. Its residential properties serve renters in markets across the United States, with a focus on major metropolitan areas. Founded in 1982 and headquartered in Houston, Texas, Camden has grown into a multifamily housing operator. Its services include leasing apartments and managing the day-to-day operations of its communities.