Rossby Financial LCC Makes New Investment in Camden Property Trust (NYSE:CPT)

Rossby Financial LCC purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the real estate investment trust's stock, valued at approximately $348,000.

A number of other institutional investors have also recently bought and sold shares of CPT. Federated Hermes Inc. boosted its holdings in shares of Camden Property Trust by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock worth $170,000 after buying an additional 90 shares during the period. UMB Bank n.a. lifted its position in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 98 shares during the last quarter. First American Bank boosted its holdings in shares of Camden Property Trust by 1.0% during the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock worth $1,259,000 after acquiring an additional 104 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Camden Property Trust by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock worth $499,000 after acquiring an additional 105 shares during the period. Finally, Doliver Advisors LP grew its position in shares of Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock valued at $209,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Trading Up 1.8 %

NYSE CPT traded up $1.96 during trading hours on Friday, reaching $112.16. The company's stock had a trading volume of 581,671 shares, compared to its average volume of 916,018. The firm has a fifty day simple moving average of $118.00 and a 200-day simple moving average of $117.82. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 52 week low of $95.99 and a 52 week high of $127.69. The stock has a market cap of $12.20 billion, a P/E ratio of 74.77, a P/E/G ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping 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%. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid 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 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Monday, March 31st. Camden Property Trust's payout ratio is currently 280.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on CPT. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price target for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Stifel Nicolaus upped their price target 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. Truist Financial raised their price target 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. Wells Fargo & Company cut their price objective on shares of 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. Finally, StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. 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, Camden Property Trust has a consensus rating of "Hold" and an average price target of $127.61.

About Camden Property Trust

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.