American Century Companies Inc. Acquires 54,176 Shares of Camden Property Trust (NYSE:CPT)

American Century Companies Inc. raised its holdings in Camden Property Trust (NYSE:CPT) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 315,135 shares of the real estate investment trust’s stock after buying an additional 54,176 shares during the quarter. American Century Companies Inc.’s holdings in Camden Property Trust were worth $36,568,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Camden Property Trust by 36.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,342 shares of the real estate investment trust’s stock valued at $6,538,000 after acquiring an additional 15,030 shares in the last quarter. iA Global Asset Management Inc. increased its position in shares of Camden Property Trust by 35.4% during the fourth quarter. iA Global Asset Management Inc. now owns 7,139 shares of the real estate investment trust’s stock valued at $828,000 after buying an additional 1,866 shares during the period. Teacher Retirement System of Texas bought a new position in Camden Property Trust in the fourth quarter worth about $2,389,000. Intech Investment Management LLC purchased a new stake in Camden Property Trust in the fourth quarter worth about $540,000. Finally, Generali Asset Management SPA SGR bought a new stake in Camden Property Trust during the 4th quarter valued at approximately $1,967,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $121.94 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 81.29, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The business has a 50-day simple moving average of $118.37 and a two-hundred day simple moving average of $119.24. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69.

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

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.44%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s payout ratio is presently 280.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CPT shares. Jefferies Financial Group raised Camden Property Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Wells Fargo & Company decreased their price objective on Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Evercore ISI boosted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Scotiabank upped their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Finally, Barclays lifted their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $127.19.

Insider Activity at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the sale, the director now owns 10,537 shares of the company’s stock, valued at $1,206,486.50. The trade was a 14.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $1,496,171.50. Following the completion of the transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. This represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is owned by insiders.

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 58,250 apartment homes across the United States.