Aster Capital Management DIFC Ltd Buys New Shares in Camden Property Trust (NYSE:CPT)

Aster Capital Management DIFC Ltd purchased a new stake in shares of Camden Property Trust (NYSE:CPT) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,947 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Camden Property Trust by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock worth $2,001,737,000 after purchasing an additional 125,287 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Camden Property Trust by 6.7% during 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 in the last quarter. Geode Capital Management LLC increased its holdings in Camden Property Trust by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust’s stock valued at $326,032,000 after buying an additional 76,429 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Camden Property Trust by 15.9% in the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust’s stock valued at $292,699,000 after buying an additional 345,331 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Camden Property Trust by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,078,944 shares of the real estate investment trust’s stock valued at $241,241,000 after buying an additional 104,102 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $117.00 to $139.00 in a research note 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 for the company in a report on Friday, January 24th. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Mizuho lowered their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Finally, Truist Financial lifted 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. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $127.76.

Camden Property Trust Stock Down 2.2 %

Shares of CPT opened at $107.98 on Tuesday. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 71.99, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The business’s fifty day moving average price is $119.23 and its two-hundred day moving average price is $118.88.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) 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, analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This is a positive change 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 is Monday, March 31st. Camden Property Trust’s dividend payout ratio is currently 280.00%.

Insider Buying and Selling at Camden Property Trust

In other news, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now owns 299,092 shares of the company’s stock, valued at $32,918,065.52. This represents a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of Camden Property Trust stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $204,931.72. Following the sale, the chief financial officer now directly owns 122,384 shares of the company’s stock, valued at approximately $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,304 shares of company stock valued at $365,274. 1.80% of the stock is currently owned by insiders.

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.