Martingale Asset Management L P increased its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 67.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,732 shares of the real estate investment trust's stock after purchasing an additional 9,996 shares during the quarter. Martingale Asset Management L P's holdings in Camden Property Trust were worth $2,870,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of CPT. APG Asset Management N.V. increased its position in Camden Property Trust by 62.0% during the fourth quarter. APG Asset Management N.V. now owns 140,800 shares of the real estate investment trust's stock worth $15,778,000 after buying an additional 53,900 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Camden Property Trust during the 4th quarter worth about $4,885,000. Bank of Nova Scotia lifted its holdings in shares of Camden Property Trust by 4.4% during the 4th quarter. Bank of Nova Scotia now owns 14,238 shares of the real estate investment trust's stock valued at $1,652,000 after buying an additional 596 shares during the last quarter. FIL Ltd grew its holdings in Camden Property Trust by 1,418.5% in the 4th quarter. FIL Ltd now owns 96,713 shares of the real estate investment trust's stock valued at $11,223,000 after buying an additional 90,344 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after purchasing an additional 438,685 shares in 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 subject of a number of recent analyst reports. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price target for the company from $125.00 to $138.00 in a research note on Friday, March 28th. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Mizuho cut their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Scotiabank raised their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Finally, Truist Financial increased their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $127.61.
Read Our Latest Stock Analysis on Camden Property Trust
Camden Property Trust Stock Performance
CPT traded up $0.26 during trading on Wednesday, hitting $111.60. The stock had a trading volume of 205,413 shares, compared to its average volume of 910,945. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 74.40, a P/E/G 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 50 day moving average price of $118.49 and a 200-day moving average price of $118.07.
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 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, research analysts predict that Camden Property Trust will post 6.76 EPS for the current year.
Camden Property Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is 280.00%.
Camden Property Trust Company Profile
(
Free Report)
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.
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