New Age Alpha Advisors LLC Buys New Position in Camden Property Trust (NYSE:CPT)

New Age Alpha Advisors LLC purchased a new stake in Camden Property Trust (NYSE:CPT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,702 shares of the real estate investment trust’s stock, valued at approximately $1,010,000.

A number of other hedge funds have also added to or reduced their stakes in CPT. Norges Bank purchased a new position in shares of Camden Property Trust during the 4th quarter worth approximately $187,606,000. UniSuper Management Pty Ltd grew its stake in Camden Property Trust by 8.0% in the fourth quarter. UniSuper Management Pty Ltd now owns 46,419 shares of the real estate investment trust’s stock worth $5,386,000 after purchasing an additional 3,432 shares during the period. Elo Mutual Pension Insurance Co purchased a new stake in Camden Property Trust in the fourth quarter worth $1,253,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Camden Property Trust by 6.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 244,789 shares of the real estate investment trust’s stock valued at $28,657,000 after buying an additional 13,784 shares during the period. Finally, Korea Investment CORP boosted its holdings in shares of Camden Property Trust by 99.9% during the 4th quarter. Korea Investment CORP now owns 151,799 shares of the real estate investment trust’s stock valued at $17,615,000 after buying an additional 75,843 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CEO Richard J. Campo sold 1,043 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $114,792.58. Following the sale, the chief executive officer now owns 299,092 shares in the company, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the transaction, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. This represents a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is owned by corporate insiders.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $122.27 on Tuesday. Camden Property Trust has a 12-month low of $94.75 and a 12-month high of $127.69. The business’s fifty day simple moving average is $118.76 and its 200-day simple moving average is $119.19. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company has a market cap of $13.30 billion, a PE ratio of 81.52, a PEG ratio of 4.41 and a beta of 0.94.

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

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.43%. The ex-dividend date is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is currently 280.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CPT shares. Royal Bank of Canada lifted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Stifel Nicolaus lifted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Truist Financial increased their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 10th. Finally, Citigroup raised shares of Camden Property Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $125.00 to $138.00 in a research note on Friday. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $127.76.

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.