Ceredex Value Advisors LLC Increases Stock Holdings in Camden Property Trust (NYSE:CPT)

Ceredex Value Advisors LLC raised its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 126,000 shares of the real estate investment trust's stock after purchasing an additional 8,100 shares during the period. Ceredex Value Advisors LLC owned 0.12% of Camden Property Trust worth $14,621,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CPT. National Pension Service purchased a new stake in Camden Property Trust during the fourth quarter worth $26,000. UMB Bank n.a. boosted its position in Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 98 shares in the last quarter. Quent Capital LLC grew its stake in Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $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 about $29,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 206 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. 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 research note on Friday, March 28th. 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. Mizuho dropped their target price on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Evercore ISI increased 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. Finally, Barclays dropped their price target 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $127.61.

Camden Property Trust Trading Up 2.4 %

Shares of NYSE CPT traded up $2.63 during trading on Tuesday, hitting $113.44. 153,869 shares of the company were exchanged, compared to its average volume of 1,006,253. 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 capitalization of $12.34 billion, a PE ratio of 75.62, a P/E/G ratio of 4.41 and a beta of 0.79. The company has a fifty day moving average price of $117.85 and a 200-day moving average price of $117.75. Camden Property Trust has a 12-month low of $97.12 and a 12-month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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%. As a group, equities research analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a $1.05 dividend. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Monday, March 31st. Camden Property Trust's dividend payout ratio is currently 280.00%.

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.