Camden Property Trust (NYSE:CPT) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,601 shares of the real estate investment trust's stock after purchasing an additional 8,039 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.16% of Camden Property Trust worth $19,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. Federated Hermes Inc. grew its position in Camden Property Trust by 6.5% during the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust's stock valued at $170,000 after buying an additional 90 shares during the period. UMB Bank n.a. increased its position in 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 in the last quarter. First American Bank increased its holdings 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 worth $1,259,000 after acquiring an additional 104 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Camden Property Trust by 2.5% during 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 period. Finally, Doliver Advisors LP lifted 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 acquiring an additional 113 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Down 0.0 %

Shares of Camden Property Trust stock traded down $0.02 during mid-day trading on Friday, hitting $114.00. The stock had a trading volume of 950,779 shares, compared to its average volume of 916,576. The firm has a 50-day moving average of $117.43 and a two-hundred day moving average of $117.61. The firm has a market cap of $12.40 billion, a P/E ratio of 76.00, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. 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 has a 12-month low of $98.00 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (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%. Sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 31st. This is a boost 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 3.68%. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on CPT shares. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and increased their price target for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Scotiabank upped their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Truist Financial lifted their price target on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. Evercore ISI upped their price target on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus 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.