KBC Group NV Boosts Stock Holdings in Camden Property Trust (NYSE:CPT)

Posted by Defense World Staff on Aug 3rd, 2023

KBC Group NV boosted its stake in shares of Camden Property Trust (NYSE:CPT – Free Report) by 34.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,571 shares of the real estate investment trust’s stock after purchasing an additional 6,002 shares during the period. KBC Group NV’s holdings in Camden Property Trust were worth $2,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bessemer Group Inc. increased its holdings in Camden Property Trust by 57.0% in the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new position in Camden Property Trust in the first quarter valued at about $35,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Camden Property Trust during the fourth quarter worth about $45,000. Northwestern Mutual Wealth Management Co. raised its holdings in Camden Property Trust by 100.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 223 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Camden Property Trust by 3,564.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 499 shares during the last quarter. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 1.1 %

CPT opened at $107.20 on Thursday. Camden Property Trust has a fifty-two week low of $97.74 and a fifty-two week high of $147.71. The business has a 50-day moving average of $109.68 and a 200-day moving average of $110.64. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $11.44 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 5.80 and a beta of 0.79.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, June 29th. Camden Property Trust’s payout ratio is 71.17%.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 5,337 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $110.35, for a total value of $588,937.95. Following the transaction, the chief executive officer now directly owns 246,799 shares of the company’s stock, valued at approximately $27,234,269.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CPT. BMO Capital Markets upgraded shares of Camden Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $125.00 to $126.00 in a research report on Tuesday, July 18th. Bank of America downgraded Camden Property Trust from a “buy” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $121.00 in a research note on Monday, May 15th. The Goldman Sachs Group lowered their price target on Camden Property Trust from $134.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus cut their price objective on Camden Property Trust from $143.00 to $130.00 in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $128.13.

View Our Latest Research Report on CPT

Camden Property Trust Company Profile

(Free Report)

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 interests in and operates 172 properties containing 58,702 apartment homes across the United States.