Invesco Ltd. Grows Holdings in Camden Property Trust (NYSE:CPT)

Invesco Ltd. raised its stake in shares of Camden Property Trust (NYSE:CPT) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,968,221 shares of the real estate investment trust’s stock after buying an additional 438,685 shares during the quarter. Invesco Ltd. owned about 2.78% of Camden Property Trust worth $344,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. SMART Wealth LLC purchased a new position in shares of Camden Property Trust in the third quarter valued at $829,000. Nordea Investment Management AB lifted its position in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust’s stock worth $11,339,000 after purchasing an additional 12,805 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Camden Property Trust by 3.2% during the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock worth $23,174,000 after purchasing an additional 5,985 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Camden Property Trust by 10.5% during the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after purchasing an additional 51,097 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its position in shares of Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 166 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Trading Up 5.0 %

Shares of CPT stock opened at $111.82 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 74.55, a PEG ratio of 4.41 and a beta of 0.79. The stock has a 50 day simple moving average of $118.96 and a 200-day simple moving average of $118.51.

Camden Property Trust (NYSE:CPT) last issued its earnings results 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%. On average, equities research analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $1.05 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.76%. Camden Property Trust’s dividend payout ratio is presently 280.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CPT. Stifel Nicolaus raised their price target on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and cut their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Royal Bank of Canada lifted their target price on 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. Truist Financial lifted their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Finally, Jefferies Financial Group upgraded 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 note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $127.76.

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.