Dynamic Technology Lab Private Ltd Buys New Shares in Camden Property Trust (NYSE:CPT)

Dynamic Technology Lab Private Ltd purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,201 shares of the real estate investment trust's stock, valued at approximately $371,000.

Several other large investors have also added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. purchased a new position in shares of Camden Property Trust during the 4th quarter worth approximately $6,798,000. Centersquare Investment Management LLC grew its stake in Camden Property Trust by 15.9% in the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after purchasing an additional 345,331 shares during the period. Headlands Technologies LLC raised its holdings 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 worth $636,000 after purchasing an additional 1,094 shares in the last quarter. Geode Capital Management LLC lifted its position in Camden Property Trust by 2.8% during the fourth 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 during the period. Finally, National Bank of Canada FI boosted its holdings in shares of 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 valued at $5,794,000 after buying an additional 2,323 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Shares of NYSE CPT traded up $0.44 during midday trading on Tuesday, hitting $111.62. 223,410 shares of the stock traded hands, compared to its average volume of 909,325. The firm has a market capitalization of $12.14 billion, a P/E ratio of 74.32, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. 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 firm has a 50-day moving average of $118.62 and a two-hundred day moving average of $118.12.

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 for the quarter, beating analysts' consensus estimates 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, equities 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.76%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust's payout ratio is 280.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CPT shares. Stifel Nicolaus lifted their price target 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. Truist Financial lifted their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating 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 for the company in a research report on Friday, January 24th. StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Royal Bank of Canada raised their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus target price of $127.61.

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.