Property

BlackRock Inc. Cuts Stake in Camden Property Belief (CPT)

Fintel studies that BlackRock Inc.
has filed a 13G/A type
with the SEC disclosing possession of
9,803,756
shares of Camden Property Belief (CPT).

This represents 9.2% of the corporate.

Of their earlier submitting dated January 27, 2022
they reported 12,700,923 shares and 12.40% of the corporate,
a lower in shares of twenty-two.81%
and
a lower in complete possession of three.20%
(calculated as present – earlier p.c possession).

Analyst Worth Forecast Suggests 21.90% Upside

As of January 23, 2023,
the common one-year value goal for Camden Property Belief is $140.03.
The forecasts vary from a low of $118.17 to a excessive of $218.40.
The common value goal represents a rise of 21.90% from its newest reported closing value of $114.87.

The projected annual income for Camden Property Belief is $1,574MM, a rise of 15.01%.
The projected annual EPS is $1.49, a lower of -80.57%.

Fund Sentiment

There are 1297 funds or establishments reporting positions in Camden Property Belief.
That is a lower
of
53
proprietor(s) or 3.93%.

Common portfolio weight of all funds devoted to Camden Property Belief is 0.3504%,
a lower
of 14.4458%.

Complete shares owned by establishments elevated
within the final three months by 0.99% to 118,837,202 shares.

What are massive shareholders doing?

CPT / Camden Property Trust Ownership

Cohen & Steers, Inc.
holds 11,319,751 shares

representing 10.63% possession of the corporate.

In it is prior submitting, the agency reported proudly owning 9,561,365 shares, representing
a rise
of 15.53%.

The agency

elevated

its portfolio allocation in CPT by 19.78% over the past quarter.

Jpmorgan Chase & Co
holds 3,092,482 shares

representing 2.90% possession of the corporate.

In it is prior submitting, the agency reported proudly owning 4,430,064 shares, representing
a lower
of 43.25%.

The agency

decreased

its portfolio allocation in CPT by 36.08% over the past quarter.

Geode Capital Administration, Llc
holds 2,332,590 shares

representing 2.19% possession of the corporate.

In it is prior submitting, the agency reported proudly owning 2,329,466 shares, representing
a rise
of 0.13%.

The agency

decreased

its portfolio allocation in CPT by 7.85% over the past quarter.

Norges Financial institution
holds 2,290,112 shares

representing 2.15% possession of the corporate.

In it is prior submitting, the agency reported proudly owning 2,173,087 shares, representing
a rise
of 5.11%.

The agency

elevated

its portfolio allocation in CPT by 19.56% over the past quarter.

Goldman Sachs Group Inc
holds 1,924,139 shares

representing 1.81% possession of the corporate.

In it is prior submitting, the agency reported proudly owning 2,005,351 shares, representing
a lower
of 4.22%.

The agency

decreased

its portfolio allocation in CPT by 12.80% over the past quarter.

Camden Property Belief Declares $$0.94 Dividend

Camden Property Belief stated on December 1, 2022 that its board of administrators declared a daily
quarterly dividend of $0.94 per share ( $3.76 annualized).
Shareholders of file as of December 15, 2022
acquired the cost on January 17, 2023.
Beforehand, the corporate paid $0.94 per share.

At the latest share value of $114.87 / share,
the inventory’s dividend yield is 3.27%.

Moreover, the corporate’s dividend payout ratio is 0.49,
indicating it’s retaining a low share
of its earnings to reinvest in development alternatives.

The corporate’s 3-12 months dividend development price is 0.17%,
demonstrating that it persistently elevated its dividends over time.

Camden Property Belief Background Info
(This description is offered by the corporate.)

Camden Property Belief, an S&P 400 Firm, is an actual property firm primarily engaged within the possession, administration, growth, redevelopment, acquisition, and development of multifamily condominium communities. Camden owns pursuits in and operates 167 properties containing 56,850 condominium houses throughout the US. Upon completion of seven properties presently underneath growth, the Firm’s portfolio will improve to 59,104 condominium houses in 174 properties. Camden has been acknowledged as one of many 100 Greatest Firms to Work For® by FORTUNE journal for 13 consecutive years, most not too long ago rating #18. The Firm additionally acquired a Glassdoor Staff’ Selection Award in 2020, rating #25 for giant U.S. corporations.

This story initially appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.

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