Bank of Nova Scotia Purchases 596 Shares of Camden Property Trust (NYSE:CPT)

Bank of Nova Scotia boosted its position in Camden Property Trust (NYSE:CPT) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,238 shares of the real estate investment trust’s stock after purchasing an additional 596 shares during the period. Bank of Nova Scotia’s holdings in Camden Property Trust were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. National Pension Service bought a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $26,000. UMB Bank n.a. increased its stake in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares during the period. Quent Capital LLC lifted its position in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of CPT stock opened at $107.85 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 71.90, a PEG ratio of 4.41 and a beta of 0.79. The stock’s 50-day simple moving average is $118.72 and its 200-day simple moving average is $118.21.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.89%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is presently 280.00%.

Analysts Set New Price Targets

CPT has been the subject of several research reports. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lowered Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Jefferies Financial Group upgraded Camden Property Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $117.00 to $139.00 in a report on Monday, March 10th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Finally, Evercore ISI raised their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $127.61.

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.