Ossiam Has $989,000 Stock Holdings in Camden Property Trust (NYSE:CPT)

Ossiam lowered its holdings in shares of Camden Property Trust (NYSE:CPT) by 11.2% during the fourth quarter, Holdings Channel reports. The firm owned 8,520 shares of the real estate investment trust’s stock after selling 1,073 shares during the period. Ossiam’s holdings in Camden Property Trust were worth $989,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. lifted its position 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 buying an additional 98 shares during the last quarter. National Pension Service acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $26,000. Quent Capital LLC grew its holdings in 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 purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC bought a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Down 1.2 %

Shares of NYSE CPT opened at $110.90 on Tuesday. Camden Property Trust has a 52-week low of $95.99 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 has a fifty day moving average of $117.85 and a two-hundred day moving average of $117.75. The stock has a market cap of $12.07 billion, a PE ratio of 73.93, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.79%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, March 31st. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Stifel Nicolaus upped their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Mizuho decreased their price target on shares of 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, Scotiabank upped 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. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and an average target price of $127.61.

Camden Property Trust 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.