Camden Property Trust (NYSE:CPT) Position Boosted by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its holdings in Camden Property Trust (NYSE:CPT) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,419 shares of the real estate investment trust’s stock after buying an additional 3,432 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Camden Property Trust were worth $5,386,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its stake in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares in the last quarter. First American Bank lifted its holdings 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 worth $1,259,000 after purchasing an additional 104 shares during the period. Fisher Asset Management LLC grew its position in Camden Property Trust by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after buying an additional 105 shares in the last quarter. Doliver Advisors LP grew its position in Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 113 shares in the last quarter. Finally, Quent Capital LLC raised its position in shares of Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 114 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Insider Activity

In related news, CEO Richard J. Campo sold 7,324 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares of the company’s stock, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Heather J. Brunner sold 264 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the transaction, the director now owns 10,273 shares in the company, valued at $1,130,646.38. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $2,912,212 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the subject of several recent analyst reports. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. Truist Financial increased their price target on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Wells Fargo & Company dropped 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 note on Friday, January 24th. Scotiabank raised their target price on 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. Finally, Citigroup raised Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $125.00 to $138.00 in a report on Friday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and a consensus price target of $127.76.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $122.17 on Friday. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 81.45, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $118.57 and its 200-day simple moving average is $119.25.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.44%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

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.