Aew Capital Management L P Purchases 20,320 Shares of Camden Property Trust (NYSE:CPT)

Aew Capital Management L P raised its position in shares of Camden Property Trust (NYSE:CPT) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,165 shares of the real estate investment trust’s stock after acquiring an additional 20,320 shares during the period. Aew Capital Management L P owned approximately 0.20% of Camden Property Trust worth $21,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of Camden Property Trust by 60.8% during the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 144 shares during the period. Tobam boosted its stake in shares of Camden Property Trust by 4,166.7% during the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 375 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust during the third quarter valued at $69,000. Cetera Trust Company N.A purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at $116,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at $149,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Up 1.4 %

Shares of CPT stock traded up $1.41 during mid-day trading on Friday, hitting $99.62. 870,828 shares of the stock traded hands, compared to its average volume of 1,103,099. The stock has a market cap of $10.84 billion, a P/E ratio of 26.92, a P/E/G ratio of 3.71 and a beta of 0.83. The stock’s fifty day moving average is $97.25 and its two-hundred day moving average is $95.17. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. 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 posted its quarterly earnings data 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 firm had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. During the same quarter in the prior year, the company posted $1.74 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts predict that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

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

Wall Street Analyst Weigh In

CPT has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research note on Thursday, February 22nd. They set a “buy” rating and a $112.00 target price for the company. Mizuho lowered their price objective on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $103.00 price objective on shares of Camden Property Trust in a research note on Monday, February 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Camden Property Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price objective for the company. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average target price of $104.29.

Camden Property Trust 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.