Daiwa Securities Group Inc. Sells 1,301,198 Shares of Camden Property Trust (NYSE:CPT)

Daiwa Securities Group Inc. lessened its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 53.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,131,666 shares of the real estate investment trust's stock after selling 1,301,198 shares during the period. Daiwa Securities Group Inc. owned 1.06% of Camden Property Trust worth $112,363,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Camden Property Trust by 2.8% during the first quarter. Vanguard Group Inc. now owns 14,955,322 shares of the real estate investment trust's stock valued at $2,485,575,000 after acquiring an additional 412,019 shares during the period. BlackRock Inc. lifted its stake in shares of Camden Property Trust by 1.6% during the first quarter. BlackRock Inc. now owns 9,961,282 shares of the real estate investment trust's stock valued at $1,044,341,000 after acquiring an additional 157,326 shares during the period. State Street Corp lifted its stake in shares of Camden Property Trust by 0.7% during the first quarter. State Street Corp now owns 6,890,494 shares of the real estate investment trust's stock valued at $729,147,000 after acquiring an additional 45,705 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Camden Property Trust by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust's stock valued at $382,575,000 after acquiring an additional 1,187,974 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Camden Property Trust by 1.2% during the third quarter. Victory Capital Management Inc. now owns 3,599,058 shares of the real estate investment trust's stock valued at $340,399,000 after acquiring an additional 43,376 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Up 0.3 %

Shares of NYSE:CPT traded up $0.24 during mid-day trading on Wednesday, reaching $95.29. 843,007 shares of the stock were exchanged, compared to its average volume of 1,137,903. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a market cap of $10.37 billion, a P/E ratio of 25.75, a P/E/G ratio of 3.62 and a beta of 0.83. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The stock's 50 day simple moving average is $96.84 and its 200-day simple moving average is $95.02.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. Camden Property Trust's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. As a group, equities research analysts predict that Camden Property Trust will post 6.73 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.32%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. Camden Property Trust's dividend payout ratio (DPR) is currently 111.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CPT shares. Truist Financial upped their price target on Camden Property Trust from $113.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a "hold" rating and a $90.00 price target on the stock. StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. Mizuho dropped their price target on Camden Property Trust from $103.00 to $99.00 and set a "buy" rating on the stock in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group initiated coverage on Camden Property Trust in a research report on Thursday, February 22nd. They set a "buy" rating and a $112.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of "Hold" and a consensus target price 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.