American Century Companies Inc. Purchases 217,076 Shares of Camden Property Trust (NYSE:CPT)

American Century Companies Inc. increased its position in shares of Camden Property Trust (NYSE:CPT) by 690.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 248,533 shares of the real estate investment trust’s stock after purchasing an additional 217,076 shares during the quarter. American Century Companies Inc. owned approximately 0.23% of Camden Property Trust worth $27,117,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CPT. Vanguard Group Inc. lifted its position in shares of Camden Property Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after buying an additional 289,425 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Camden Property Trust by 5.0% during the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after acquiring an additional 206,654 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after acquiring an additional 898,398 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after purchasing an additional 7,722 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Camden Property Trust by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 911,183 shares of the real estate investment trust’s stock valued at $99,419,000 after purchasing an additional 10,867 shares during the period. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research analyst reports. Truist Financial boosted their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Scotiabank boosted their target price on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research note on Monday. Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their price target for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Mizuho reduced their price objective on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $121.69.

Camden Property Trust Stock Up 1.0 %

Shares of NYSE CPT opened at $125.25 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.34 billion, a P/E ratio of 30.70, a P/E/G ratio of 4.60 and a beta of 0.90. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $127.23. The business has a 50-day simple moving average of $118.67 and a two-hundred day simple moving average of $108.28.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The firm had revenue of $387.15 million during the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter last year, the business posted $1.70 earnings per share. Research analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $1.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.29%. Camden Property Trust’s payout ratio is currently 100.98%.

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 58,250 apartment homes across the United States.