Camden Property Trust (NYSE:CPT) Shares Acquired by Aew Capital Management L P

Aew Capital Management L P grew its position in Camden Property Trust (NYSE:CPT) by 10.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 216,165 shares of the real estate investment trust’s stock after acquiring an additional 20,320 shares during the quarter. Aew Capital Management L P’s holdings in Camden Property Trust were worth $21,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Camden Property Trust by 18.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,552 shares of the real estate investment trust’s stock valued at $353,000 after acquiring an additional 558 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Camden Property Trust by 30.4% during the fourth quarter. Wolverine Asset Management LLC now owns 10,018 shares of the real estate investment trust’s stock worth $995,000 after purchasing an additional 2,334 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter worth approximately $154,000. Parkside Financial Bank & Trust raised its stake in shares of Camden Property Trust by 99.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 377 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Camden Property Trust by 1.5% during the fourth quarter. California Public Employees Retirement System now owns 334,548 shares of the real estate investment trust’s stock worth $33,217,000 after purchasing an additional 4,975 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 price target for the company. Piper Sandler restated an “underweight” rating and set a $90.00 price target on shares of Camden Property Trust in a research note on Tuesday, March 26th. Morgan Stanley upped their price target on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Truist Financial upped their price target on Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group initiated coverage on Camden Property Trust in a research note on Thursday, February 22nd. They set a “buy” rating and a $112.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $104.29.

Camden Property Trust Price Performance

Shares of CPT stock traded up $1.41 during mid-day trading on Friday, reaching $99.62. The stock had a trading volume of 870,828 shares, compared to its average volume of 1,103,099. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The company has a market cap of $10.84 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 3.71 and a beta of 0.83. The business has a 50-day simple moving average of $97.25 and a 200 day simple moving average of $95.17. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. During the same quarter last year, the business posted $1.74 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were given a $1.03 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.14%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s dividend payout ratio (DPR) is currently 111.35%.

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 58,634 apartment homes across the United States.