Mirae Asset Global Investments Co. Ltd. Lowers Holdings in Camden Property Trust (NYSE:CPT)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of Camden Property Trust (NYSE:CPTGet Rating) by 0.6% during the first quarter, HoldingsChannel.com reports. The firm owned 20,482 shares of the real estate investment trust’s stock after selling 127 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Camden Property Trust were worth $3,404,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Manning & Napier Group LLC boosted its position in Camden Property Trust by 1.9% during the first quarter. Manning & Napier Group LLC now owns 50,218 shares of the real estate investment trust’s stock worth $8,345,000 after purchasing an additional 957 shares in the last quarter. Fifth Third Bancorp boosted its position in Camden Property Trust by 256.1% during the first quarter. Fifth Third Bancorp now owns 19,392 shares of the real estate investment trust’s stock worth $3,223,000 after purchasing an additional 13,947 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Camden Property Trust by 10.5% during the first quarter. Verdence Capital Advisors LLC now owns 2,228 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 211 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Camden Property Trust in the first quarter valued at approximately $2,273,000. Finally, Cyrus J. Lawrence LLC purchased a new position in shares of Camden Property Trust in the first quarter valued at approximately $140,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Scotiabank decreased their target price on Camden Property Trust from $179.00 to $171.00 in a research report on Thursday, May 19th. Mizuho decreased their target price on Camden Property Trust from $170.00 to $142.00 and set a “neutral” rating on the stock in a research report on Monday, June 27th. Robert W. Baird decreased their target price on Camden Property Trust from $175.00 to $153.00 and set an “outperform” rating on the stock in a research report on Friday, June 24th. Barclays cut their price target on Camden Property Trust from $193.00 to $174.00 in a report on Tuesday, May 10th. Finally, Citigroup increased their price target on Camden Property Trust to $150.00 in a report on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $166.00.

Camden Property Trust Trading Down 2.3 %

CPT opened at $136.04 on Wednesday. Camden Property Trust has a 52 week low of $125.17 and a 52 week high of $180.37. The business has a fifty day simple moving average of $136.18 and a 200-day simple moving average of $150.17. The firm has a market cap of $14.49 billion, a P/E ratio of 17.88, a P/E/G ratio of 3.92 and a beta of 0.76. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.94 per share. The ex-dividend date was Wednesday, June 29th. This represents a $3.76 annualized dividend and a dividend yield of 2.76%. Camden Property Trust’s dividend payout ratio is currently 49.41%.

Camden Property Trust Profile

(Get Rating)

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

See Also

Want to see what other hedge funds are holding CPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden Property Trust (NYSE:CPTGet Rating).



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