Natixis Purchases 15,916 Shares of Camden Property Trust (NYSE:CPT)

Natixis raised its position in Camden Property Trust (NYSE:CPT - Free Report) by 741.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,063 shares of the real estate investment trust's stock after acquiring an additional 15,916 shares during the quarter. Natixis' holdings in Camden Property Trust were worth $2,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SMART Wealth LLC purchased a new stake in shares of Camden Property Trust in the 3rd quarter worth $829,000. Nordea Investment Management AB raised its stake in shares of Camden Property Trust by 15.0% in the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after buying an additional 12,805 shares during the period. Principal Financial Group Inc. lifted its position in shares of Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock valued at $66,563,000 after buying an additional 51,097 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Camden Property Trust by 3.2% during the 3rd 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 period. Finally, Atomi Financial Group Inc. grew its stake in shares of Camden Property Trust by 7.7% during the 4th quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 166 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

CPT stock opened at $113.19 on Wednesday. Camden Property Trust has a 52 week low of $97.12 and a 52 week high of $127.69. The firm has a market capitalization of $12.32 billion, a P/E ratio of 75.46, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company has a fifty day simple moving average of $117.73 and a two-hundred day simple moving average of $117.72. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced 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%. Analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is presently 280.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Scotiabank lifted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Mizuho dropped 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 report on Monday, January 6th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Wells Fargo & Company lowered their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and an average price target of $127.61.

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.

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