On September 24, 2023, Nordea Investment Management AB revealed that it had increased its stake in Camden Property Trust (NYSE:CPT) by 11.0% during the second quarter. This information comes from Nordea’s Form 13F filing with the Securities and Exchange Commission. The investment firm now owns 23,253 shares of Camden Property Trust’s stock, having purchased an additional 2,302 shares in the quarter. Based on their most recent filing with the SEC, Nordea’s holdings in Camden Property Trust are valued at $2,547,000.
Established as a real estate enterprise engaged primarily in owning, managing, developing, redeveloping, acquiring, and constructing multifamily apartment communities, Camden Property Trust is considered an S&P 500 Company. With a presence across the United States, Camden currently possesses and operates 172 properties that boast a total of 58,961 apartment homes.
A short while ago, the company also disclosed details about its quarterly dividend payout. This dividend will be distributed on Tuesday, October 17th. Shareholders of record on Friday, September 29th will receive $1.00 per share in dividends. It is important to note that those who no longer hold shares as of Thursday, September 28th will be ineligible for this payment. The annualized dividend amounts to $4.00 per share and yields a promising rate of return at 4.09%. Remarkably high at present is Camden Property Trust’s payout ratio which stands at an extraordinary rate of approximately 208.33%.
It remains to be seen how these recent developments will impact Camden Property Trust moving forward while shareholders eagerly await further updates from the company as well as future filings with the Securities and Exchange Commission.
Evolution of Ownership: Institutional Investors and Hedge Funds Increase Stakes in Camden Property Trust
Camden Property Trust, a prominent real estate company in the United States, has recently seen modifications in its holdings by various institutional investors and hedge funds. This shift in ownership highlights the ever-evolving nature of the stock market and the strategies employed by these entities.
One notable investor, Bessemer Group Inc., significantly raised its stake in Camden Property Trust during the fourth quarter, increasing it by 57.0%. As a result, Bessemer Group now owns 259 shares of the company’s stock, valued at $29,000. Mercer Global Advisors Inc. ADV also increased its stake in Camden Property Trust by 1.0% during the third quarter, bringing its total to 9,751 shares valued at $1,165,000. Similarly, Aurora Investment Managers LLC. and Rockefeller Capital Management L.P. raised their stakes by 0.5% and 0.3%, respectively. Lastly, Hummer Financial Advisory Services Inc slightly increased its stake by 1.2%.
Overall, these changes reflect the continued interest that institutional investors and hedge funds have in Camden Property Trust’s stock. It is worth noting that approximately 95% of the company’s stock is currently owned by these entities.
On September 24th, Camden Property Trust’s stock opened at $97.91. The company has a current ratio and quick ratio of 0.14 and a debt-to-equity ratio of 0.74 respectively. Over the past year, the stock has fluctuated between a low of $97.74 and a high of $127.60.
With a market capitalization of $10.45 billion and a PE ratio of 51.00, Camden Property Trust holds a significant position in the real estate investment trust sector.