Dimensional Fund Advisors LP Buys 7,330 Shares of Camden Property Trust (NYSE:CPT)

Dimensional Fund Advisors LP boosted its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,592,266 shares of the real estate investment trust's stock after purchasing an additional 7,330 shares during the quarter. Dimensional Fund Advisors LP owned about 1.49% of Camden Property Trust worth $184,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in 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. National Pension Service acquired a new stake in Camden Property Trust in the 4th quarter worth about $26,000. Quent Capital LLC increased its holdings in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC bought a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock worth $44,000 after buying an additional 206 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 1.1 %

Shares of NYSE:CPT traded down $1.31 during trading on Tuesday, reaching $112.91. 112,751 shares of the stock were exchanged, compared to its average volume of 913,792. Camden Property Trust has a 1-year low of $98.00 and a 1-year high of $127.69. The stock has a fifty day moving average of $117.34 and a two-hundred day moving average of $117.55. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 75.25, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.72%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is 280.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CPT. Royal Bank of Canada increased 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 note on Monday, February 10th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and increased their price target for the company from $117.00 to $139.00 in a research note on Monday, March 10th. StockNews.com upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Truist Financial boosted 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. Finally, Scotiabank increased 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 report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Camden Property Trust has a consensus 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.