Polymer Capital Management US LLC Makes New $612,000 Investment in Camden Property Trust (NYSE:CPT)

Polymer Capital Management US LLC acquired a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,271 shares of the real estate investment trust's stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Camden Property Trust during the 4th quarter worth approximately $187,606,000. Wellington Management Group LLP grew its stake in shares of Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock valued at $243,952,000 after acquiring an additional 918,078 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in shares of 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 acquiring an additional 345,331 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after purchasing an additional 277,117 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Camden Property Trust in the fourth quarter valued at about $17,616,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays reduced their price target on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday. JPMorgan Chase & Co. downgraded Camden Property Trust from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Mizuho decreased their price objective 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. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Truist Financial raised their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, March 10th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $127.61.

Camden Property Trust Trading Down 0.2 %

CPT stock traded down $0.21 during mid-day trading on Friday, reaching $107.85. 1,358,648 shares of the stock traded hands, compared to its average volume of 911,640. The stock's fifty day moving average is $118.72 and its 200-day moving average is $118.25. The company has a market cap of $11.73 billion, a P/E ratio of 71.90, a P/E/G ratio of 4.41 and a beta of 0.79. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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, sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed 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. This represents a $4.20 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is 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 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.