DekaBank Deutsche Girozentrale Reduces Holdings in Camden Property Trust (NYSE:CPT)

DekaBank Deutsche Girozentrale reduced its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 18.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 79,471 shares of the real estate investment trust's stock after selling 18,388 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of Camden Property Trust worth $7,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bessemer Group Inc. lifted its stake in shares of Camden Property Trust by 57.0% during the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 94 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Camden Property Trust by 1.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,751 shares of the real estate investment trust's stock worth $1,165,000 after purchasing an additional 95 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Camden Property Trust by 0.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 36,569 shares of the real estate investment trust's stock worth $3,833,000 after purchasing an additional 96 shares during the period. qPULA Trading Management LP increased its holdings in Camden Property Trust by 7.7% during the 1st quarter. qPULA Trading Management LP now owns 1,400 shares of the real estate investment trust's stock worth $233,000 after purchasing an additional 100 shares during the period. Finally, Lido Advisors LLC increased its holdings in Camden Property Trust by 0.8% during the 1st quarter. Lido Advisors LLC now owns 16,781 shares of the real estate investment trust's stock worth $2,789,000 after purchasing an additional 126 shares during the period. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Down 0.8 %

CPT stock traded down $0.83 on Thursday, hitting $99.97. 1,233,360 shares of the company's stock were exchanged, compared to its average volume of 1,159,944. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The firm has a 50 day moving average price of $96.75 and a two-hundred day moving average price of $95.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $10.88 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 3.82 and a beta of 0.83.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $387.33 million. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm's revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts expect that Camden Property Trust will post 6.74 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on CPT shares. Morgan Stanley raised their price objective 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. Barclays downgraded Camden Property Trust from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. Mizuho cut their price target on Camden Property Trust from $103.00 to $99.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. Truist Financial lifted their price target on Camden Property Trust from $113.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday. Finally, StockNews.com downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.29.

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 58,634 apartment homes across the United States.