CANADA LIFE ASSURANCE Co Increases Stock Holdings in Camden Property Trust (NYSE:CPT)

CANADA LIFE ASSURANCE Co lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,601 shares of the real estate investment trust’s stock after purchasing an additional 8,039 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Camden Property Trust were worth $19,905,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Camden Property Trust by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock valued at $2,001,737,000 after acquiring an additional 125,287 shares during the period. Victory Capital Management Inc. boosted its holdings in Camden Property Trust by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock worth $510,674,000 after buying an additional 277,117 shares in the last quarter. Invesco Ltd. grew its position in Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after buying an additional 438,685 shares during the period. Geode Capital Management LLC increased its holdings in Camden Property Trust by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust’s stock valued at $326,032,000 after buying an additional 76,429 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its position in shares of Camden Property Trust by 15.9% during the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust’s stock valued at $292,699,000 after acquiring an additional 345,331 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPT has been the subject of several research reports. Scotiabank lifted their price objective on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of 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. Mizuho cut their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Stifel Nicolaus increased their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $127.61.

Camden Property Trust Price Performance

CPT stock opened at $112.16 on Monday. The stock has a 50-day moving average price of $118.00 and a two-hundred day moving average price of $117.82. The company has a market cap of $12.20 billion, a PE ratio of 74.77, a price-to-earnings-growth 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 has a 12-month low of $95.99 and a 12-month high of $127.69.

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

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend 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 payout ratio is currently 280.00%.

Camden Property Trust Company 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.