Wellington Management Group LLP Has $241.24 Million Stake in Camden Property Trust (NYSE:CPT)

Wellington Management Group LLP raised its position in Camden Property Trust (NYSE:CPT) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,078,944 shares of the real estate investment trust’s stock after buying an additional 104,102 shares during the period. Wellington Management Group LLP owned 1.95% of Camden Property Trust worth $241,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CPT. O Shaughnessy Asset Management LLC boosted its stake in Camden Property Trust by 6.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,856 shares of the real estate investment trust’s stock valued at $1,028,000 after acquiring an additional 546 shares during the last quarter. California Public Employees Retirement System grew its holdings in Camden Property Trust by 4.2% during the 4th quarter. California Public Employees Retirement System now owns 264,580 shares of the real estate investment trust’s stock valued at $30,702,000 after buying an additional 10,776 shares in the last quarter. Schroder Investment Management Group increased its holdings in Camden Property Trust by 67.2% during the 4th quarter. Schroder Investment Management Group now owns 11,226 shares of the real estate investment trust’s stock worth $1,288,000 after acquiring an additional 4,512 shares during the period. Allstate Corp purchased a new stake in shares of Camden Property Trust in the fourth quarter worth $376,000. Finally, DnB Asset Management AS boosted its position in shares of Camden Property Trust by 5.1% during the 4th quarter. DnB Asset Management AS now owns 18,265 shares of the real estate investment trust’s stock valued at $2,119,000 after acquiring an additional 883 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

NYSE CPT opened at $121.75 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 81.17, a PEG ratio of 4.41 and a beta of 0.94. The business’s fifty day moving average price is $118.94 and its 200-day moving average price is $119.16.

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, topping 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%. On average, equities analysts predict that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.45%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust’s dividend payout ratio is 280.00%.

Insider Buying and Selling

In other news, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock valued at $2,912,212. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CPT shares. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Jefferies Financial Group upgraded shares of Camden Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Truist Financial lifted their price objective on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Stifel Nicolaus boosted their price objective 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. Finally, Mizuho lowered their price objective on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average price target of $127.76.

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.