Long Pond Capital LP Has $132.81 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

Long Pond Capital LP grew its position in Camden Property Trust (NYSE:CPT - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,144,520 shares of the real estate investment trust's stock after acquiring an additional 125,419 shares during the period. Camden Property Trust comprises about 6.7% of Long Pond Capital LP's portfolio, making the stock its 5th largest holding. Long Pond Capital LP owned 1.07% of Camden Property Trust worth $132,810,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in Camden Property Trust by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after acquiring an additional 90 shares during the period. UMB Bank n.a. increased its position in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 98 shares during the period. First American Bank increased its holdings in shares of Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock worth $1,259,000 after purchasing an additional 104 shares during the period. Fisher Asset Management LLC increased its stake in Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock worth $499,000 after acquiring an additional 105 shares during the period. Finally, Doliver Advisors LP raised its holdings in Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock valued at $209,000 after acquiring an additional 113 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on shares of 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 increased their target price for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. Truist Financial raised their price objective on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Finally, Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. One research 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $127.61.

Camden Property Trust Price Performance

Shares of CPT stock traded up $3.05 during trading on Tuesday, hitting $113.86. The company had a trading volume of 207,093 shares, compared to its average volume of 1,007,011. Camden Property Trust has a 52 week low of $97.12 and a 52 week high of $127.69. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 75.90, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The stock's 50-day moving average is $117.85 and its two-hundred day moving average is $117.75.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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%. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.69%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is presently 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.