Camden Property Trust (NYSE:CPT) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,256 shares of the real estate investment trust's stock after selling 306,219 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.12% of Camden Property Trust worth $14,767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CPT. Allstate Corp acquired a new stake in Camden Property Trust in the fourth quarter valued at $376,000. DnB Asset Management AS increased its position in shares of Camden Property Trust by 5.1% in the 4th quarter. DnB Asset Management AS now owns 18,265 shares of the real estate investment trust's stock worth $2,119,000 after purchasing an additional 883 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Camden Property Trust by 8.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 4,919 shares of the real estate investment trust's stock worth $571,000 after purchasing an additional 386 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Camden Property Trust by 3.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 171,731 shares of the real estate investment trust's stock valued at $19,928,000 after purchasing an additional 5,987 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Camden Property Trust during the fourth quarter worth about $1,010,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

CPT stock traded up $5.29 on Wednesday, reaching $111.82. The company's stock had a trading volume of 2,350,257 shares, compared to its average volume of 907,905. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The company has a market capitalization of $12.17 billion, a P/E ratio of 74.55, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The firm has a fifty day moving average of $118.96 and a two-hundred day moving average of $118.51.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) 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%. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $1.05 dividend. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio is currently 280.00%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank boosted their price objective on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price target for the company from $117.00 to $139.00 in a report on Monday, March 10th. Wells Fargo & Company reduced their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Barclays lifted their price objective 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. Finally, Stifel Nicolaus increased their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $127.76.

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.