Barclays PLC lowered its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 51.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,983 shares of the real estate investment trust's stock after selling 209,801 shares during the quarter. Barclays PLC owned about 0.19% of Camden Property Trust worth $22,974,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of CPT. Wilmington Savings Fund Society FSB bought a new position in Camden Property Trust during the 3rd quarter worth $180,000. Tidal Investments LLC grew its holdings in shares of Camden Property Trust by 22.2% during the 3rd quarter. Tidal Investments LLC now owns 70,285 shares of the real estate investment trust's stock worth $8,682,000 after purchasing an additional 12,774 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock worth $23,174,000 after purchasing an additional 5,985 shares in the last quarter. SMART Wealth LLC bought a new position in shares of Camden Property Trust in the third quarter worth $829,000. Finally, Principal Financial Group Inc. raised its stake in Camden Property Trust by 10.5% in 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 in the last quarter. Institutional investors own 97.22% of the company's stock.
Camden Property Trust Trading Up 0.4 %
Shares of CPT stock traded up $0.41 during trading hours on Friday, hitting $114.43. 189,856 shares of the company's stock traded hands, compared to its average volume of 912,311. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12 month low of $97.28 and a 12 month high of $127.69. The stock has a market cap of $12.45 billion, a PE ratio of 76.26, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The stock's 50 day simple moving average is $117.53 and its 200 day simple moving average is $117.65.
Camden Property Trust (NYSE:CPT - Get Free Report) 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, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.
Camden Property Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 31st. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.67%. Camden Property Trust's dividend payout ratio is 280.00%.
Analyst Ratings Changes
CPT has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of 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. Royal Bank of Canada increased their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Stifel Nicolaus boosted their price objective on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. 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 research note on Friday, March 28th. Finally, Truist Financial lifted their price target on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $127.61.
Check Out Our Latest Analysis on CPT
Camden Property Trust Company Profile
(
Free Report)
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.
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