CANADA LIFE ASSURANCE Co Acquires 8,039 Shares of Camden Property Trust (NYSE:CPT)

CANADA LIFE ASSURANCE Co lifted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,601 shares of the real estate investment trust's stock after acquiring an additional 8,039 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.16% of Camden Property Trust worth $19,905,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CPT. Barclays PLC lifted its holdings in Camden Property Trust by 45.4% during the 3rd quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust's stock worth $50,371,000 after buying an additional 127,358 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Camden Property Trust during the third quarter worth $180,000. Tidal Investments LLC lifted its stake in shares of Camden Property Trust by 22.2% during the third quarter. Tidal Investments LLC now owns 70,285 shares of the real estate investment trust's stock valued at $8,682,000 after acquiring an additional 12,774 shares during the period. Franklin Resources Inc. boosted its holdings in Camden Property Trust by 3.2% in the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock valued at $23,174,000 after acquiring an additional 5,985 shares during the last quarter. Finally, SMART Wealth LLC bought a new stake in Camden Property Trust during the 3rd quarter worth about $829,000. Institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Stifel Nicolaus upped their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Royal Bank of Canada increased their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and upped their price objective for the company from $125.00 to $138.00 in a report on Friday, March 28th. Finally, 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. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and an average price target of $127.61.

Camden Property Trust Stock Performance

CPT traded down $0.02 during trading hours on Friday, reaching $114.00. The company's stock had a trading volume of 950,766 shares, compared to its average volume of 915,300. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The company's 50-day moving average is $117.53 and its 200-day moving average is $117.65. Camden Property Trust has a 52 week low of $97.28 and a 52 week high of $127.69. The firm has a market cap of $12.40 billion, a PE ratio of 76.00, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

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 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.68%. 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 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.