Freestone Grove Partners LP Acquires New Holdings in Camden Property Trust (NYSE:CPT)

Freestone Grove Partners LP purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,092 shares of the real estate investment trust's stock, valued at approximately $591,000.

Several other institutional investors have also made changes to their positions in CPT. Federated Hermes Inc. lifted its stake in Camden Property Trust by 6.5% in the fourth 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 last quarter. UMB Bank n.a. lifted its stake 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 purchasing an additional 98 shares during the last quarter. First American Bank boosted its holdings in Camden Property Trust by 1.0% in the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock worth $1,259,000 after purchasing an additional 104 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Camden Property Trust by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock worth $499,000 after purchasing an additional 105 shares in the last quarter. Finally, Doliver Advisors LP increased its position in Camden Property Trust by 6.7% during the fourth 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. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

NYSE CPT traded up $0.08 during trading hours on Wednesday, reaching $119.07. 931,402 shares of the company's stock were exchanged, compared to its average volume of 913,349. The firm has a fifty day moving average of $116.69 and a 200-day moving average of $117.44. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The stock has a market cap of $12.95 billion, a PE ratio of 79.38, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The company had revenue of $390.57 million during the quarter, compared to the consensus estimate of $388.47 million. During the same period in the previous year, the firm posted $1.70 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. On average, equities research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $1.05 dividend. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date was Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.53%. Camden Property Trust's dividend payout ratio (DPR) is currently 385.32%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPT. 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 note on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Barclays decreased their target price on Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Truist Financial upped their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $127.61.

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.