Dimensional Fund Advisors LP Buys 54,475 Shares of Camden Property Trust (NYSE:CPT)

Dimensional Fund Advisors LP grew its stake in shares of Camden Property Trust (NYSE:CPT) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,597,441 shares of the real estate investment trust’s stock after acquiring an additional 54,475 shares during the period. Dimensional Fund Advisors LP owned about 1.50% of Camden Property Trust worth $174,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Camden Property Trust by 16.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust’s stock worth $18,831,000 after buying an additional 27,465 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Camden Property Trust by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust’s stock worth $15,781,000 after buying an additional 5,926 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Camden Property Trust by 59.4% during the first quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock worth $1,853,000 after purchasing an additional 7,018 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Camden Property Trust during the fourth quarter worth $1,374,000. Finally, Eminence Capital LP acquired a new position in shares of Camden Property Trust during the fourth quarter worth $18,737,000. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BNP Paribas assumed coverage on Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target on the stock. Truist Financial upped their price target on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Royal Bank of Canada downgraded Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target on the stock. in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft upped their price target on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI upped their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.69.

Camden Property Trust Trading Down 1.1 %

Shares of Camden Property Trust stock opened at $125.21 on Friday. The firm has a 50-day simple moving average of $119.35 and a two-hundred day simple moving average of $108.60. The company has a market cap of $13.34 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $127.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The firm had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same quarter last year, the company posted $1.70 EPS. As a group, equities analysts predict that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.29%. Camden Property Trust’s payout ratio is 100.98%.

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 58,250 apartment homes across the United States.