Victory Capital Management Inc. Buys 87,337 Shares of Camden Property Trust (NYSE:CPT)

Victory Capital Management Inc. grew its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,686,395 shares of the real estate investment trust's stock after purchasing an additional 87,337 shares during the period. Victory Capital Management Inc. owned approximately 3.45% of Camden Property Trust worth $366,022,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in Camden Property Trust by 18.8% during the third quarter. Commonwealth Equity Services LLC now owns 2,311 shares of the real estate investment trust's stock worth $219,000 after purchasing an additional 366 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Camden Property Trust by 5.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the real estate investment trust's stock valued at $752,000 after buying an additional 418 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Camden Property Trust by 3,054.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 28,232 shares of the real estate investment trust's stock valued at $2,670,000 after buying an additional 27,337 shares during the period. Xponance Inc. boosted its stake in Camden Property Trust by 3.3% during the third quarter. Xponance Inc. now owns 14,782 shares of the real estate investment trust's stock valued at $1,398,000 after buying an additional 472 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Camden Property Trust by 9.0% during the third quarter. Raymond James & Associates now owns 87,545 shares of the real estate investment trust's stock worth $8,280,000 after acquiring an additional 7,199 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CPT has been the subject of several research reports. The Goldman Sachs Group assumed 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 objective for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a "hold" rating and a $90.00 price objective for 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. Finally, Piper Sandler reiterated an "underweight" rating and issued a $90.00 price target on shares of Camden Property Trust in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $104.29.

Camden Property Trust Stock Down 1.1 %

Shares of Camden Property Trust stock traded down $1.13 on Wednesday, hitting $98.55. 1,252,459 shares of the company traded hands, compared to its average volume of 1,097,700. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The company has a 50-day moving average price of $97.51 and a 200 day moving average price of $95.21. The company has a market cap of $10.73 billion, a PE ratio of 26.94, a PEG ratio of 3.76 and a beta of 0.83.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its 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. The company had revenue of $387.59 million for 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 was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. Sell-side analysts predict that Camden Property Trust will post 6.72 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were paid a $1.03 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Camden Property Trust's previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 4.18%. Camden Property Trust's payout ratio is 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.