Ontario Teachers Pension Plan Board Buys 9,948 Shares of Camden Property Trust (NYSE:CPT)

Ontario Teachers Pension Plan Board boosted its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 96.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,262 shares of the real estate investment trust's stock after buying an additional 9,948 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Camden Property Trust were worth $2,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CPT. UMB Bank n.a. increased its position in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 98 shares during the period. National Pension Service purchased a new position in Camden Property Trust during the 4th quarter valued at about $26,000. Quent Capital LLC raised its position in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock worth $44,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CPT shares. Evercore ISI raised their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Scotiabank raised their price target on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Royal Bank of Canada increased their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Stifel Nicolaus lifted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $127.61.

Camden Property Trust Stock Performance

NYSE CPT traded up $1.96 on Friday, reaching $112.16. 581,671 shares of the stock were exchanged, compared to its average volume of 916,018. The company's 50-day simple moving average is $118.00 and its two-hundred day simple moving average is $117.84. Camden Property Trust has a one year low of $95.99 and a one year high of $127.69. The firm has a market capitalization of $12.20 billion, a PE ratio of 74.77, a PEG ratio of 4.41 and a beta of 0.79. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

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 58,250 apartment homes across the United States.