American Century Companies Inc. Acquires 54,176 Shares of Camden Property Trust (NYSE:CPT)

American Century Companies Inc. grew its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,135 shares of the real estate investment trust's stock after buying an additional 54,176 shares during the quarter. American Century Companies Inc. owned about 0.30% of Camden Property Trust worth $36,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CPT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Camden Property Trust by 36.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,342 shares of the real estate investment trust's stock worth $6,538,000 after purchasing an additional 15,030 shares in the last quarter. iA Global Asset Management Inc. increased its position in shares of Camden Property Trust by 35.4% during the 4th quarter. iA Global Asset Management Inc. now owns 7,139 shares of the real estate investment trust's stock valued at $828,000 after purchasing an additional 1,866 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Camden Property Trust in the 4th quarter worth $2,389,000. Intech Investment Management LLC acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at $540,000. Finally, Generali Asset Management SPA SGR bought a new position in Camden Property Trust during the fourth quarter valued at about $1,967,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.4 %

Shares of Camden Property Trust stock traded down $0.55 during trading on Tuesday, hitting $121.75. 1,350,915 shares of the stock traded hands, compared to its average volume of 894,038. The company has a fifty day moving average price of $118.94 and a two-hundred day moving average price of $119.16. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The stock has a market cap of $13.25 billion, a P/E ratio of 81.17, a PEG ratio of 4.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, March 31st. Camden Property Trust's dividend payout ratio (DPR) is 280.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CPT. Mizuho dropped their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Barclays boosted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Truist Financial raised their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, March 10th. StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and an average price target of $127.76.

Insider Buying and Selling at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the sale, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of the company's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the sale, the chief executive officer now directly owns 299,092 shares of the company's stock, valued at approximately $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $2,912,212 over the last three months. Corporate insiders own 1.80% of the company's stock.

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.