Renaissance Technologies LLC Takes Position in Camden Property Trust (NYSE:CPT)

Renaissance Technologies LLC purchased a new position in Camden Property Trust (NYSE:CPT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 42,100 shares of the real estate investment trust’s stock, valued at approximately $4,885,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Camden Property Trust in the fourth quarter worth approximately $187,606,000. Invesco Ltd. grew its position in Camden Property Trust by 17.3% during the 4th quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after purchasing an additional 438,685 shares in the last quarter. Centersquare Investment Management LLC raised its stake in Camden Property Trust by 15.9% during the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust’s stock valued at $292,699,000 after purchasing an additional 345,331 shares during the period. Victory Capital Management Inc. raised its stake in Camden Property Trust by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock valued at $510,674,000 after purchasing an additional 277,117 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Camden Property Trust in the fourth quarter valued at $17,616,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

CPT has been the topic of several recent analyst reports. Mizuho dropped their price target on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $125.00 to $138.00 in a report on Friday, March 28th. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Truist Financial upped their price objective on shares of 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, Stifel Nicolaus increased their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.61.

Camden Property Trust Trading Up 1.8 %

NYSE:CPT opened at $112.16 on Monday. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $118.00 and its 200-day moving average is $117.82. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 74.77, a P/E/G ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 12 month low of $95.99 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Equities analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $1.05 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Monday, March 31st. Camden Property Trust’s payout ratio is currently 280.00%.

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.