Cramer Rosenthal Mcglynn LLC Grows Stock Holdings in Camden Property Trust (NYSE:CPT)

Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 191,418 shares of the real estate investment trust's stock after buying an additional 10,211 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.18% of Camden Property Trust worth $22,212,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPT. Vanguard Group Inc. raised its position in Camden Property Trust by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after purchasing an additional 125,287 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after buying an additional 277,117 shares during the period. Invesco Ltd. raised its holdings in Camden Property Trust by 17.3% in the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after buying an additional 438,685 shares during the last quarter. Geode Capital Management LLC boosted its position in Camden Property Trust by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock worth $326,032,000 after buying an additional 76,429 shares during the period. Finally, Centersquare Investment Management LLC grew its holdings in Camden Property Trust by 15.9% during the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after acquiring an additional 345,331 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPT. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Barclays decreased their price target on Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Evercore ISI lifted their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Mizuho reduced their target price on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Finally, Truist Financial boosted their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $127.61.

Camden Property Trust Stock Up 1.4 %

Camden Property Trust stock traded up $1.55 during mid-day trading on Wednesday, reaching $114.71. The stock had a trading volume of 310,960 shares, compared to its average volume of 914,456. The firm has a market capitalization of $12.48 billion, a PE ratio of 76.47, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $97.12 and a fifty-two week high of $127.69. The stock's 50-day simple moving average is $117.73 and its 200-day simple moving average is $117.72. 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 released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $1.05 dividend. The ex-dividend date was Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.66%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is currently 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.