OVERSEA CHINESE BANKING Corp Ltd Sells 25,376 Shares of Camden Property Trust (NYSE:CPT)

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 68.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,858 shares of the real estate investment trust's stock after selling 25,376 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Camden Property Trust were worth $1,177,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CPT. Raymond James Financial Services Advisors Inc. raised its position in Camden Property Trust by 9.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,365 shares of the real estate investment trust's stock worth $393,000 after buying an additional 207 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Camden Property Trust in the 1st quarter worth about $961,000. Natixis Advisors L.P. raised its position in Camden Property Trust by 14.3% in the 1st quarter. Natixis Advisors L.P. now owns 11,555 shares of the real estate investment trust's stock worth $1,920,000 after buying an additional 1,450 shares during the last quarter. Prudential PLC purchased a new position in Camden Property Trust in the 1st quarter worth about $421,000. Finally, Cetera Investment Advisers raised its position in Camden Property Trust by 17.2% in the 1st quarter. Cetera Investment Advisers now owns 1,680 shares of the real estate investment trust's stock worth $279,000 after buying an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Camden Property Trust stock traded up $1.00 during midday trading on Friday, hitting $96.29. The stock had a trading volume of 668,369 shares, compared to its average volume of 929,569. The firm's fifty day moving average is $96.92 and its two-hundred day moving average is $95.07. The company has a market capitalization of $10.48 billion, a PE ratio of 26.02, a P/E/G ratio of 3.61 and a beta of 0.83. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. During the same period in the prior year, the company posted $1.74 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts forecast that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 4.28%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Camden Property Trust's dividend payout ratio is presently 111.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their target price on Camden Property Trust from $95.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Monday, February 26th. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research report on Thursday, February 22nd. They set a "buy" rating and a $112.00 price target for the company. Barclays lowered shares of Camden Property Trust from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Piper Sandler reaffirmed an "underweight" rating and set a $90.00 price target on shares of Camden Property Trust in a research report on Tuesday, March 26th. Finally, StockNews.com lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.