Camden Property Trust (NYSE:CPT) Shares Purchased by JLP Asset Management LLC

JLP Asset Management LLC grew its position in Camden Property Trust (NYSE:CPT - Free Report) by 106.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,500 shares of the real estate investment trust's stock after acquiring an additional 17,300 shares during the quarter. Camden Property Trust accounts for 3.9% of JLP Asset Management LLC's portfolio, making the stock its 12th biggest holding. JLP Asset Management LLC's holdings in Camden Property Trust were worth $3,326,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Camden Property Trust in the 4th quarter worth approximately $90,900,000. Bleakley Financial Group LLC bought a new stake in Camden Property Trust in the 4th quarter worth approximately $557,000. Ceredex Value Advisors LLC purchased a new position in shares of Camden Property Trust in the 4th quarter worth approximately $11,868,000. Boston Trust Walden Corp boosted its holdings in shares of Camden Property Trust by 0.7% in the 4th quarter. Boston Trust Walden Corp now owns 191,618 shares of the real estate investment trust's stock worth $19,026,000 after purchasing an additional 1,388 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Camden Property Trust by 4.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 247,135 shares of the real estate investment trust's stock worth $24,820,000 after purchasing an additional 10,023 shares during the period. Institutional investors own 97.22% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CPT shares. Mizuho dropped their target price on Camden Property Trust from $103.00 to $99.00 and set a "buy" rating for the company in a report on Wednesday, February 28th. The Goldman Sachs Group started coverage on Camden Property Trust in a report on Thursday, February 22nd. They issued a "buy" rating and a $112.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a report on Tuesday, January 30th. They issued a "hold" rating and a $90.00 target price for the company. Morgan Stanley lifted their target price on Camden Property Trust from $95.00 to $98.00 and gave the stock an "equal weight" rating in a report on Monday, February 26th. Finally, Truist Financial reiterated a "buy" rating and issued a $113.00 target price (down previously from $121.00) on shares of Camden Property Trust in a report on Wednesday, March 13th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $104.24.

Camden Property Trust Stock Up 5.7 %

Shares of CPT stock traded up $5.50 during mid-day trading on Monday, hitting $102.12. The stock had a trading volume of 1,804,970 shares, compared to its average volume of 1,153,111. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The firm has a market capitalization of $11.12 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 3.61 and a beta of 0.83. The firm's 50-day moving average is $96.35 and its two-hundred day moving average is $94.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping the consensus estimate of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. On average, analysts predict that Camden Property Trust will post 6.75 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.03%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. Camden Property Trust's payout ratio is presently 111.35%.

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.