Renaissance Technologies LLC Invests $4.89 Million in Camden Property Trust (NYSE:CPT)

Renaissance Technologies LLC acquired a new position in Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 42,100 shares of the real estate investment trust's stock, valued at approximately $4,885,000.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its holdings in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 98 shares during the period. National Pension Service bought a new position in shares of Camden Property Trust during the 4th quarter valued at about $26,000. Quent Capital LLC grew its stake in shares of Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC bought a new stake in shares of Camden Property Trust in the 4th quarter worth approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings 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 purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CPT. Barclays decreased their price target on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and upped their target price for the company from $125.00 to $138.00 in a report on Friday, March 28th. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price target for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Finally, Evercore ISI upped their price objective on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $127.61.

Camden Property Trust Stock Down 0.0 %

Shares of NYSE:CPT traded down $0.04 during midday trading on Friday, hitting $113.99. 147,760 shares of the stock were exchanged, compared to its average volume of 912,179. The company has a market capitalization of $12.40 billion, a PE ratio of 75.95, a P/E/G ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 52-week low of $97.28 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The business's fifty day simple moving average is $117.53 and its two-hundred day simple moving average is $117.65.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.68%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date was Monday, March 31st. Camden Property Trust's payout ratio 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.