Tokio Marine Asset Management Co. Ltd. Has $353,000 Stake in Camden Property Trust (NYSE:CPT)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Camden Property Trust (NYSE:CPT) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,552 shares of the real estate investment trust’s stock after acquiring an additional 558 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Camden Property Trust were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Wolverine Asset Management LLC boosted its holdings in shares of Camden Property Trust by 30.4% during the 4th quarter. Wolverine Asset Management LLC now owns 10,018 shares of the real estate investment trust’s stock valued at $995,000 after acquiring an additional 2,334 shares in the last quarter. GAMMA Investing LLC acquired a new position in Camden Property Trust during the 4th quarter worth about $154,000. Parkside Financial Bank & Trust lifted its holdings in Camden Property Trust by 99.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 377 shares during the period. California Public Employees Retirement System lifted its holdings in Camden Property Trust by 1.5% during the 4th quarter. California Public Employees Retirement System now owns 334,548 shares of the real estate investment trust’s stock worth $33,217,000 after buying an additional 4,975 shares during the period. Finally, Duality Advisers LP acquired a new position in Camden Property Trust during the 4th quarter worth about $612,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $99.62 on Monday. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.74 and a beta of 0.83. The business has a 50-day simple moving average of $97.32 and a 200 day simple moving average of $95.16. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to analyst estimates of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. On average, research analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were issued a dividend of $1.03 per share. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Wednesday, March 27th. Camden Property Trust’s payout ratio is currently 111.35%.

Wall Street Analysts Forecast Growth

CPT has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $103.00 target price on shares of Camden Property Trust in a report on Monday, February 5th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Morgan Stanley boosted their price objective on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Mizuho dropped their price objective on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. Finally, Piper Sandler reissued an “underweight” rating and issued a $90.00 price objective on shares of Camden Property Trust in a research note on Tuesday, March 26th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $104.29.

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 58,634 apartment homes across the United States.