International Assets Investment Management LLC Invests $90.90 Million in Camden Property Trust (NYSE:CPT)

International Assets Investment Management LLC purchased a new position in Camden Property Trust (NYSE:CPT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 91,554 shares of the real estate investment trust's stock, valued at approximately $90,900,000. International Assets Investment Management LLC owned 0.09% of Camden Property Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. Norges Bank purchased a new stake in Camden Property Trust in the fourth quarter worth $333,911,000. JPMorgan Chase & Co. grew its stake in Camden Property Trust by 41.6% in the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust's stock worth $382,575,000 after purchasing an additional 1,187,974 shares during the period. Long Pond Capital LP grew its stake in shares of Camden Property Trust by 149.0% in the fourth quarter. Long Pond Capital LP now owns 948,280 shares of the real estate investment trust's stock worth $106,094,000 after acquiring an additional 567,487 shares during the last quarter. State Street Corp grew its stake in shares of Camden Property Trust by 9.8% in the first quarter. State Street Corp now owns 6,066,515 shares of the real estate investment trust's stock worth $1,013,817,000 after acquiring an additional 540,683 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Camden Property Trust by 384.2% in the first quarter. Renaissance Technologies LLC now owns 587,800 shares of the real estate investment trust's stock worth $97,692,000 after acquiring an additional 466,400 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

CPT stock traded up $0.75 during trading on Friday, reaching $96.62. The stock had a trading volume of 673,837 shares, compared to its average volume of 1,061,511. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $114.04. The stock's 50 day moving average is $96.24 and its two-hundred day moving average is $94.87. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a market cap of $10.52 billion, a PE ratio of 26.11, a PEG ratio of 3.61 and a beta of 0.83.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. During the same quarter in the prior year, the company earned $1.74 earnings per share. Camden Property Trust's revenue was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be issued a $1.03 dividend. This is an increase from Camden Property Trust's previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. This represents a $4.12 dividend on an annualized basis and a yield of 4.26%. Camden Property Trust's dividend payout ratio is currently 111.35%.

Wall Street Analyst Weigh In

CPT has been the topic of a number of recent research reports. StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Thursday. BMO Capital Markets reissued a "market perform" rating and issued a $100.00 target price on shares of Camden Property Trust in a research note on Friday, December 15th. Barclays cut Camden Property Trust from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $138.00 to $100.00 in a research note on Tuesday, February 20th. Morgan Stanley increased their target price on Camden Property Trust from $95.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $103.00 target price on shares of Camden Property Trust in a research note on Monday, February 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $104.24.

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 58,634 apartment homes across the United States.