Camden Property Trust (NYSE:CPT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,816,260 shares of the real estate investment trust’s stock after purchasing an additional 76,429 shares during the period. Geode Capital Management LLC’s holdings in Camden Property Trust were worth $326,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. National Bank of Canada FI raised its stake in shares of Camden Property Trust by 4.9% during the 4th quarter. National Bank of Canada FI now owns 49,934 shares of the real estate investment trust’s stock valued at $5,794,000 after buying an additional 2,323 shares during the last quarter. Franklin Resources Inc. grew its holdings in Camden Property Trust by 28.7% during the fourth quarter. Franklin Resources Inc. now owns 249,246 shares of the real estate investment trust’s stock worth $28,923,000 after acquiring an additional 55,561 shares during the period. Axiom Investors LLC DE raised its position in Camden Property Trust by 7.5% during the fourth quarter. Axiom Investors LLC DE now owns 3,901 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 271 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Camden Property Trust by 5.3% in the fourth 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 acquiring an additional 104,102 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in Camden Property Trust by 6.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,856 shares of the real estate investment trust’s stock worth $1,028,000 after purchasing an additional 546 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $117.00 to $139.00 in a report on Monday, March 10th. Stifel Nicolaus upped their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Finally, Truist Financial lifted their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average target price of $127.76.

Insider Activity

In related news, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now directly owns 10,537 shares of the company’s stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is currently owned by company insiders.

Camden Property Trust Price Performance

NYSE:CPT opened at $110.41 on Friday. The stock has a 50 day moving average price of $119.35 and a 200 day moving average price of $119.08. The stock has a market cap of $12.01 billion, a PE ratio of 73.61, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping 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%. Equities research analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued 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 3.80%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

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.