APG Asset Management N.V. Buys 53,900 Shares of Camden Property Trust (NYSE:CPT)

APG Asset Management N.V. raised its position in Camden Property Trust (NYSE:CPT - Free Report) by 62.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,800 shares of the real estate investment trust's stock after buying an additional 53,900 shares during the period. APG Asset Management N.V. owned 0.13% of Camden Property Trust worth $15,778,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in Camden Property Trust during the 4th quarter worth approximately $26,000. UMB Bank n.a. grew its holdings in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 98 shares during the last quarter. Quent Capital LLC increased its stake in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 114 shares in the last quarter. IAG Wealth Partners LLC acquired a new stake in Camden Property Trust in the 4th quarter valued at about $29,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust during the third quarter valued at approximately $38,000. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CPT has been the topic of several research reports. Stifel Nicolaus upped their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Truist Financial increased their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Royal Bank of Canada boosted their target price on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Barclays cut their price target on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Wells Fargo & Company decreased their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $127.61.

Camden Property Trust Stock Up 0.0 %

Shares of CPT stock traded up $0.04 during trading on Tuesday, reaching $111.22. The company's stock had a trading volume of 320,474 shares, compared to its average volume of 909,657. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. The business has a fifty day moving average price of $118.62 and a 200-day moving average price of $118.12. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 74.15, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

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

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $1.05 dividend. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio (DPR) is 280.00%.

Camden Property Trust Company 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.