APG Asset Management N.V. Boosts Stake in Camden Property Trust (NYSE:CPT)

APG Asset Management N.V. grew its stake in Camden Property Trust (NYSE:CPT) by 62.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 140,800 shares of the real estate investment trust’s stock after buying an additional 53,900 shares during the period. APG Asset Management N.V.’s holdings in Camden Property Trust were worth $15,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPT. Federated Hermes Inc. raised its stake in shares of Camden Property Trust by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 90 shares during the period. UMB Bank n.a. boosted its holdings in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 98 shares in the last quarter. First American Bank raised its position in Camden Property Trust by 1.0% in the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after purchasing an additional 104 shares during the last quarter. Fisher Asset Management LLC raised 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 purchasing an additional 105 shares during the last quarter. Finally, Doliver Advisors LP raised its position in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Up 5.0 %

NYSE:CPT opened at $111.82 on Thursday. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 74.55, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The stock’s 50 day moving average price is $118.96 and its two-hundred day moving average price is $118.51. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 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. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPT. Truist Financial lifted their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Barclays boosted their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Scotiabank upped their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Finally, Mizuho lowered their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. One 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $127.76.

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.