TT Capital Management LLC Purchases New Shares in Camden Property Trust (NYSE:CPT)

TT Capital Management LLC bought a new position in Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,346 shares of the real estate investment trust's stock, valued at approximately $1,172,000. Camden Property Trust makes up approximately 0.9% of TT Capital Management LLC's investment portfolio, making the stock its 21st biggest position.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. boosted its stake 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 buying an additional 98 shares during the last quarter. National Pension Service acquired a new position in shares of Camden Property Trust during the 4th quarter valued at about $26,000. Quent Capital LLC increased its position in Camden Property Trust by 87.0% during the fourth 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 acquired a new position in Camden Property Trust in the 4th quarter valued at about $29,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Camden Property Trust by 117.0% during 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. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CPT shares. Truist Financial upped their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Royal Bank of Canada increased their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Barclays cut their target price on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Scotiabank lifted their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Camden Property Trust currently 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 during mid-day trading on Friday, hitting $112.16. The stock had a trading volume of 581,671 shares, compared to its average volume of 913,623. Camden Property Trust has a 52 week low of $94.88 and a 52 week high of $127.69. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 74.77, a P/E/G ratio of 4.41 and a beta of 0.79. The company has a 50 day simple moving average of $118.31 and a 200-day simple moving average of $118.02. 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 released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.74%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, March 31st. Camden Property Trust's dividend payout ratio is presently 280.00%.

About Camden Property Trust

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.