GAM Holding AG Invests $1.35 Million in Camden Property Trust $CPT

GAM Holding AG purchased a new position in shares of Camden Property Trust (NYSE:CPT) in the second quarter, Holdings Channel.com reports. The firm purchased 11,984 shares of the real estate investment trust’s stock, valued at approximately $1,350,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new position in Camden Property Trust during the first quarter valued at approximately $37,000. IFP Advisors Inc raised its holdings in shares of Camden Property Trust by 45.7% during the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. National Pension Service raised its holdings in shares of Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 167 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Camden Property Trust by 117.7% during the 2nd quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 233 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Camden Property Trust by 47.4% during the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $99.51 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $106.04 and its two-hundred day moving average is $111.02. The company has a market cap of $10.63 billion, a P/E ratio of 69.59, a P/E/G ratio of 3.31 and a beta of 0.80. Camden Property Trust has a 12 month low of $97.17 and a 12 month high of $127.65.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Camden Property Trust had a net margin of 9.99% and a return on equity of 3.30%. The business had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.24 million. During the same quarter in the previous year, the firm posted $1.71 earnings per share. Camden Property Trust’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.2%. Camden Property Trust’s payout ratio is presently 293.71%.

Wall Street Analyst Weigh In

CPT has been the topic of several recent research reports. UBS Group cut their target price on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Stifel Nicolaus raised Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price objective on the stock in a research note on Tuesday, August 26th. Barclays cut their price objective on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 30th. Morgan Stanley dropped their price target on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Camden Property Trust in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $121.61.

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 58,250 apartment homes across the United States.