Tokio Marine Asset Management Co. Ltd. Purchases 558 Shares of Camden Property Trust (NYSE:CPT)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Camden Property Trust (NYSE:CPT) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,552 shares of the real estate investment trust’s stock after purchasing an additional 558 shares during the period. 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.

Other institutional investors and hedge funds have also modified their holdings of the company. Cooper Financial Group grew its position in Camden Property Trust by 3.3% in the fourth quarter. Cooper Financial Group now owns 4,295 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 139 shares during the period. Parkside Financial Bank & Trust grew its position in Camden Property Trust by 60.8% in the third quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 144 shares during the period. Treasurer of the State of North Carolina grew its position in Camden Property Trust by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 46,919 shares of the real estate investment trust’s stock valued at $4,438,000 after acquiring an additional 170 shares during the period. New Mexico Educational Retirement Board boosted its stake in Camden Property Trust by 3.7% in the third quarter. New Mexico Educational Retirement Board now owns 5,600 shares of the real estate investment trust’s stock worth $530,000 after purchasing an additional 200 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Camden Property Trust by 0.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,712 shares of the real estate investment trust’s stock worth $2,526,000 after purchasing an additional 205 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of recent analyst reports. 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. Morgan Stanley boosted their price objective on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $103.00 price objective on shares of Camden Property Trust in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft began coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 price target on the stock. Finally, Mizuho cut their price target 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. Four research 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $104.29.

Camden Property Trust Trading Up 1.4 %

NYSE CPT opened at $99.62 on Monday. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The stock has a 50-day simple moving average of $97.32 and a 200 day simple moving average of $95.16. The company has a market capitalization of $10.84 billion, a PE ratio of 26.92, a P/E/G ratio of 3.74 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. During the same period in the prior year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts forecast that Camden Property Trust will post 6.72 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. Shareholders of record on Friday, March 29th were issued a $1.03 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio is 111.35%.

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.