Capital Fund Management S.A. Buys 19,948 Shares of Camden Property Trust (NYSE:CPT)

Capital Fund Management S.A. raised its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 117.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,884 shares of the real estate investment trust's stock after buying an additional 19,948 shares during the period. Capital Fund Management S.A.'s holdings in Camden Property Trust were worth $4,280,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CPT. SMART Wealth LLC purchased a new position in Camden Property Trust during the 3rd quarter worth approximately $829,000. Nordea Investment Management AB grew its holdings in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock valued at $11,339,000 after buying an additional 12,805 shares in the last quarter. Franklin Resources Inc. raised its position in Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock valued at $23,174,000 after buying an additional 5,985 shares during the period. Principal Financial Group Inc. boosted its position in Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after acquiring an additional 51,097 shares during the period. Finally, Atomi Financial Group Inc. grew its stake in Camden Property Trust by 7.7% during the 4th quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 166 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Truist Financial upped 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 note on Monday, March 10th. Evercore ISI boosted their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Mizuho dropped their target price on 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. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $127.61.

Camden Property Trust Stock Performance

Shares of CPT traded up $1.96 during mid-day trading on Friday, hitting $112.16. The company's stock had a trading volume of 581,671 shares, compared to its average volume of 915,027. The stock's 50-day moving average is $118.16 and its two-hundred day moving average is $117.94. The firm has a market capitalization of $12.20 billion, a PE ratio of 74.77, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. 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 $95.65 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released 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%. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is currently 280.00%.

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.