APG Asset Management N.V. Buys 93,300 Shares of Camden Property Trust (NYSE:CPT)

APG Asset Management N.V. raised its stake in shares of Camden Property Trust (NYSE:CPT) by 2,698.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,757 shares of the real estate investment trust’s stock after buying an additional 93,300 shares during the period. APG Asset Management N.V. owned about 0.09% of Camden Property Trust worth $9,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Centersquare Investment Management LLC lifted its holdings in Camden Property Trust by 2,517.6% in the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock valued at $138,841,000 after acquiring an additional 1,344,923 shares during the period. Vanguard Group Inc. increased 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 valued at $1,701,521,000 after purchasing an additional 289,425 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Camden Property Trust by 23.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock worth $145,478,000 after purchasing an additional 277,634 shares during the period. American Century Companies Inc. lifted its stake in shares of Camden Property Trust by 690.1% in the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock worth $27,117,000 after purchasing an additional 217,076 shares during the period. Finally, First Financial Bankshares Inc purchased a new position in shares of Camden Property Trust in the fourth quarter worth approximately $21,041,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Price Performance

CPT stock opened at $123.71 on Friday. The company has a market capitalization of $13.18 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90. The company’s fifty day moving average price is $120.72 and its 200-day moving average price is $109.60. Camden Property Trust has a one year low of $82.81 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37.

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 the consensus estimate of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same period last year, the company earned $1.70 EPS. On average, equities analysts anticipate that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Monday, September 30th. Camden Property Trust’s payout ratio is 100.98%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CPT. Scotiabank upped 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 report on Monday, September 16th. Evercore ISI upped their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Piper Sandler lifted their target price on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. The Goldman Sachs Group initiated coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target for the company. Finally, UBS Group raised their price objective on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.69.

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.