Ontario Teachers Pension Plan Board Raises Position in Camden Property Trust (NYSE:CPT)

Ontario Teachers Pension Plan Board raised its position in shares of Camden Property Trust (NYSE:CPT) by 96.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,262 shares of the real estate investment trust’s stock after acquiring an additional 9,948 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Camden Property Trust were worth $2,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. MML Investors Services LLC boosted its holdings in shares of Camden Property Trust by 1.6% during the 3rd quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $1,148,000 after buying an additional 147 shares in the last quarter. Barclays PLC lifted its holdings in shares of Camden Property Trust by 45.4% during the third quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust’s stock valued at $50,371,000 after purchasing an additional 127,358 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Camden Property Trust by 43.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,101 shares of the real estate investment trust’s stock worth $2,225,000 after purchasing an additional 5,485 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Camden Property Trust in the 3rd quarter worth approximately $180,000. Finally, Tidal Investments LLC increased its position in Camden Property Trust by 22.2% during the 3rd quarter. Tidal Investments LLC now owns 70,285 shares of the real estate investment trust’s stock valued at $8,682,000 after buying an additional 12,774 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Up 3.0 %

Shares of CPT stock opened at $111.18 on Tuesday. 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 one year low of $94.75 and a one year high of $127.69. The company’s fifty day moving average price is $118.62 and its 200-day moving average price is $118.12. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 74.12, a PEG ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last posted 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 return on equity of 3.35% and a net margin of 10.58%. Sell-side analysts expect 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. Investors of record on Monday, March 31st will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is currently 280.00%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Evercore ISI boosted their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Citigroup upgraded shares of Camden Property Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Wells Fargo & Company reduced their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Stifel Nicolaus upped their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $117.00 to $139.00 in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $127.61.

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.