Camden Property Trust (NYSE:CPT) Position Lowered by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. decreased its position in Camden Property Trust (NYSE:CPT - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,700 shares of the real estate investment trust's stock after selling 13,300 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in Camden Property Trust were worth $5,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPT. SMART Wealth LLC bought a new position in shares of Camden Property Trust in the third quarter worth $829,000. Nordea Investment Management AB raised its stake in Camden Property Trust by 15.0% in the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock valued at $11,339,000 after purchasing an additional 12,805 shares in the last quarter. Principal Financial Group Inc. lifted its position in Camden Property Trust by 10.5% during the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock valued at $66,563,000 after purchasing an additional 51,097 shares during the last quarter. Franklin Resources Inc. grew its stake in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock worth $23,174,000 after buying an additional 5,985 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its stake in Camden Property Trust by 7.7% in the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Up 5.3 %

Shares of NYSE:CPT traded up $6.09 during trading hours on Friday, reaching $120.92. The stock had a trading volume of 1,793,704 shares, compared to its average volume of 922,565. 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's 50 day moving average is $116.93 and its 200-day moving average is $117.46. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 80.61, a P/E/G ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 1 year low of $98.19 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million for the quarter, compared to the consensus estimate of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. The company's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.70 EPS. Research analysts predict that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $1.05 dividend. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.47%. The ex-dividend date was Monday, March 31st. Camden Property Trust's payout ratio is currently 280.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CPT. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Evercore ISI increased their price objective on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Barclays reduced their target price on Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial raised their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus price target of $127.61.

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.