Schroder Investment Management Group Boosts Stock Position in Camden Property Trust (NYSE:CPT)

Schroder Investment Management Group grew its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 67.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,226 shares of the real estate investment trust's stock after acquiring an additional 4,512 shares during the period. Schroder Investment Management Group's holdings in Camden Property Trust were worth $1,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Camden Property Trust in the 4th quarter worth $187,606,000. Wellington Management Group LLP increased its position in Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock worth $243,952,000 after buying an additional 918,078 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of 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 worth $510,674,000 after buying an additional 277,117 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Camden Property Trust during the 4th quarter valued at about $17,616,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Camden Property Trust by 66.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,753 shares of the real estate investment trust's stock valued at $43,602,000 after acquiring an additional 150,491 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CPT. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and raised their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Scotiabank raised their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Truist Financial upped 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. StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Barclays dropped their price objective on Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $127.61.

Camden Property Trust Price Performance

CPT traded down $0.21 during trading hours on Friday, hitting $107.85. The company's stock had a trading volume of 1,358,648 shares, compared to its average volume of 911,640. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 71.90, a P/E/G ratio of 4.41 and a beta of 0.79. The business's 50-day moving average price is $118.72 and its 200-day moving average price is $118.25. 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 12 month low of $94.75 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping 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%. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a yield of 3.89%. Camden Property Trust's dividend payout ratio is 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.