Invesco Ltd. Has $344.43 Million Position in Camden Property Trust (NYSE:CPT)

Invesco Ltd. increased its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,968,221 shares of the real estate investment trust's stock after purchasing an additional 438,685 shares during the period. Invesco Ltd. owned approximately 2.78% of Camden Property Trust worth $344,432,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. National Bank of Canada FI boosted its stake in shares of Camden Property Trust by 63.0% during the 3rd quarter. National Bank of Canada FI now owns 47,611 shares of the real estate investment trust's stock worth $5,881,000 after acquiring an additional 18,402 shares in the last quarter. MML Investors Services LLC boosted its position in Camden Property Trust by 1.6% during the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust's stock worth $1,148,000 after purchasing an additional 147 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Camden Property Trust by 1.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 165,744 shares of the real estate investment trust's stock valued at $20,474,000 after purchasing an additional 1,582 shares during the last quarter. Barclays PLC raised its position in shares of Camden Property Trust by 45.4% in the third quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust's stock valued at $50,371,000 after purchasing an additional 127,358 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Camden Property Trust by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust's stock worth $337,394,000 after buying an additional 20,097 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPT has been the topic of several recent analyst reports. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Royal Bank of Canada lifted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Mizuho decreased their target price on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Stifel Nicolaus raised their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a report on Friday, February 7th. Finally, Scotiabank upped their price target 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 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 price target of $127.61.

Camden Property Trust Stock Up 0.1 %

Camden Property Trust stock traded up $0.14 during midday trading on Tuesday, reaching $111.32. The stock had a trading volume of 302,756 shares, compared to its average volume of 909,592. Camden Property Trust has a 1-year low of $94.75 and a 1-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's fifty day simple moving average is $118.62 and its 200-day simple moving average is $118.12. The stock has a market capitalization of $12.11 billion, a P/E ratio of 74.21, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $1.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.77%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

About Camden Property Trust

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.