Mirae Asset Global Investments Co. Ltd. Has $2.87 Million Holdings in Camden Property Trust (NYSE:CPT)

Mirae Asset Global Investments Co. Ltd. cut its position in Camden Property Trust (NYSE:CPT) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,910 shares of the real estate investment trust’s stock after selling 1,851 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Camden Property Trust were worth $2,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Camden Property Trust in the fourth quarter valued at about $90,900,000. Boston Trust Walden Corp boosted its position in Camden Property Trust by 0.7% in the fourth quarter. Boston Trust Walden Corp now owns 191,618 shares of the real estate investment trust’s stock valued at $19,026,000 after buying an additional 1,388 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Camden Property Trust by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 247,135 shares of the real estate investment trust’s stock worth $24,820,000 after acquiring an additional 10,023 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Camden Property Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 29,345 shares of the real estate investment trust’s stock worth $2,914,000 after acquiring an additional 219 shares during the last quarter. Finally, Regency Capital Management Inc. DE bought a new position in shares of Camden Property Trust in the fourth quarter worth about $3,584,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPT has been the subject of a number of research analyst reports. Truist Financial boosted their target price on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Mizuho dropped their target price on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Piper Sandler reaffirmed an “underweight” rating and issued a $90.00 target price on shares of Camden Property Trust in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $90.00 target price for the company. Finally, StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.29.

Camden Property Trust Stock Up 0.3 %

Shares of NYSE:CPT opened at $95.29 on Thursday. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $114.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $10.37 billion, a PE ratio of 25.75, a PEG ratio of 3.62 and a beta of 0.83. The company has a 50 day moving average price of $96.84 and a two-hundred day moving average price of $95.02.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating the consensus estimate of $1.72 by $0.31. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The firm had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. During the same quarter in the prior year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts forecast that Camden Property Trust will post 6.73 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s dividend 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.