Mirae Asset Global Investments Co. Ltd. Has $2.87 Million Position in Camden Property Trust (NYSE:CPT)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,910 shares of the real estate investment trust’s stock after selling 1,851 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Camden Property Trust were worth $2,870,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in Camden Property Trust by 57.0% during the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 94 shares during the period. Parkside Financial Bank & Trust boosted its position in Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 144 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in Camden Property Trust during the 4th quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. boosted its position in Camden Property Trust by 100.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 223 shares during the period. Finally, Belpointe Asset Management LLC boosted its position in Camden Property Trust by 175.5% during the 1st quarter. Belpointe Asset Management LLC now owns 449 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 286 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

NYSE:CPT opened at $95.29 on Thursday. The company has a fifty day moving average of $96.84 and a 200-day moving average of $95.02. The firm has a market capitalization of $10.37 billion, a P/E ratio of 25.75, a P/E/G ratio of 3.62 and a beta of 0.83. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.31. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The business had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. During the same quarter last year, the firm posted $1.74 EPS. Camden Property Trust’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Camden Property Trust will post 6.73 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were given a $1.03 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.12 annualized dividend and a yield of 4.32%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s dividend payout ratio (DPR) is presently 111.35%.

Analyst Ratings Changes

CPT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. Barclays lowered shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Royal Bank of Canada restated an “outperform” rating and set a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Truist Financial raised their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and a consensus price target of $104.29.

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 58,634 apartment homes across the United States.