Resona Asset Management Co. Ltd. bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,880 shares of the real estate investment trust's stock, valued at approximately $6,798,000. Resona Asset Management Co. Ltd. owned 0.06% of Camden Property Trust as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Camden Property Trust by 76.6% in the 4th 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 in the last quarter. First American Bank grew its stake in Camden Property Trust by 1.0% in the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock valued at $1,259,000 after purchasing an additional 104 shares during the last quarter. Fisher Asset Management LLC grew its stake in Camden Property Trust by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock valued at $499,000 after purchasing an additional 105 shares during the last quarter. Doliver Advisors LP raised its holdings in Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock worth $209,000 after purchasing an additional 113 shares in the last quarter. Finally, Quent Capital LLC lifted its position in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 114 shares during the last quarter. Institutional investors own 97.22% of the company's stock.
Camden Property Trust Stock Performance
NYSE CPT traded down $0.21 on Friday, hitting $107.85. 1,358,648 shares of the company's stock traded hands, compared to its average volume of 911,213. The firm's 50-day moving average price is $118.72 and its two-hundred day moving average price is $118.21. The firm has a market capitalization of $11.73 billion, a PE 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 1-year low of $94.75 and a 1-year high of $127.69.
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 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, analysts expect that Camden Property Trust will post 6.76 EPS for the current year.
Camden Property Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $1.05 per share. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.
Analyst Upgrades and Downgrades
CPT has been the topic of a number of analyst reports. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price target for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Truist Financial increased their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. Wells Fargo & Company dropped their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Finally, Royal Bank of Canada upped their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average price target of $127.61.
Read Our Latest Report on Camden Property Trust
About Camden Property Trust
(
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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