Mitsubishi UFJ Asset Management Co. Ltd. Has $28.66 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Camden Property Trust (NYSE:CPT) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 244,789 shares of the real estate investment trust’s stock after purchasing an additional 13,784 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.23% of Camden Property Trust worth $28,657,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Camden Property Trust by 2.5% during the third quarter. The Manufacturers Life Insurance Company now owns 107,361 shares of the real estate investment trust’s stock worth $13,262,000 after purchasing an additional 2,590 shares during the period. Townsquare Capital LLC bought a new stake in Camden Property Trust during the 3rd quarter worth approximately $294,000. Glenmede Trust Co. NA acquired a new stake in Camden Property Trust during the 3rd quarter worth approximately $223,000. CreativeOne Wealth LLC bought a new position in Camden Property Trust in the third quarter valued at approximately $248,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after buying an additional 790,974 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Mizuho cut their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Scotiabank upped their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus price target of $127.76.

Camden Property Trust Stock Up 0.2 %

Shares of CPT stock opened at $122.17 on Monday. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 81.45, a PEG ratio of 4.41 and a beta of 0.94. The firm’s 50-day moving average is $118.57 and its 200-day moving average is $119.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current 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 issued a dividend of $1.05 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Insiders Place Their Bets

In related news, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the sale, the director now owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were 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 approximately $34,365,457.50. This trade 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 valued at $2,912,212 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

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.