American Century Companies Inc. Boosts Stock Holdings in Camden Property Trust (NYSE:CPT)

American Century Companies Inc. boosted its position in Camden Property Trust (NYSE:CPT) by 20.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 315,135 shares of the real estate investment trust’s stock after buying an additional 54,176 shares during the quarter. American Century Companies Inc. owned approximately 0.30% of Camden Property Trust worth $36,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its holdings in Camden Property Trust by 0.5% in the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after acquiring an additional 36,528 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 purchasing an additional 277,117 shares during the period. FMR LLC increased its stake in shares of Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after purchasing an additional 416,701 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Camden Property Trust by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after purchasing an additional 20,097 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after buying an additional 918,078 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CPT. Stifel Nicolaus lifted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Truist Financial lifted their price target on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $127.19.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $121.94 on Friday. The business’s 50-day moving average price is $118.37 and its 200-day moving average price is $119.24. The firm has a market capitalization of $13.02 billion, a PE ratio of 81.29, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. 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) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. Sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $1.05 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.44%. Camden Property Trust’s payout ratio is currently 280.00%.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the transaction, the director now directly owns 10,537 shares of the company’s stock, valued at $1,206,486.50. The trade was a 14.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the transaction, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $2,912,212 over the last three months. Company insiders own 1.80% of the company’s stock.

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.