Centersquare Investment Management LLC Raises Position in Camden Property Trust (NYSE:CPT)

Centersquare Investment Management LLC increased its stake in Camden Property Trust (NYSE:CPT - Free Report) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,522,398 shares of the real estate investment trust's stock after acquiring an additional 345,331 shares during the quarter. Camden Property Trust accounts for approximately 3.1% of Centersquare Investment Management LLC's portfolio, making the stock its 10th largest position. Centersquare Investment Management LLC owned approximately 2.36% of Camden Property Trust worth $292,699,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC increased its stake in Camden Property Trust by 24.9% in the fourth quarter. Headlands Technologies LLC now owns 5,485 shares of the real estate investment trust's stock valued at $636,000 after purchasing an additional 1,094 shares in the last quarter. Geode Capital Management LLC increased its position in Camden Property Trust by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock valued at $326,032,000 after buying an additional 76,429 shares in the last quarter. National Bank of Canada FI raised its stake in Camden Property Trust by 4.9% during the 4th quarter. National Bank of Canada FI now owns 49,934 shares of the real estate investment trust's stock worth $5,794,000 after buying an additional 2,323 shares during the period. Franklin Resources Inc. raised its stake in Camden Property Trust by 28.7% during the 4th quarter. Franklin Resources Inc. now owns 249,246 shares of the real estate investment trust's stock worth $28,923,000 after buying an additional 55,561 shares during the period. Finally, Axiom Investors LLC DE boosted its holdings in Camden Property Trust by 7.5% in the fourth quarter. Axiom Investors LLC DE now owns 3,901 shares of the real estate investment trust's stock worth $453,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Mizuho decreased their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Barclays raised their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Scotiabank boosted their price objective on Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus target price of $127.76.

Camden Property Trust Stock Performance

CPT traded down $1.82 during midday trading on Wednesday, reaching $104.71. The company had a trading volume of 625,721 shares, compared to its average volume of 986,658. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. The business has a 50-day moving average price of $119.03 and a two-hundred day moving average price of $118.66. The stock has a market cap of $11.39 billion, a PE ratio of 69.86, a P/E/G ratio of 4.41 and a beta of 0.79. 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 quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 4.01%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is 280.00%.

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.