Cohen & Steers Inc. Sells 2,160,977 Shares of Camden Property Trust (NYSE:CPT)

Cohen & Steers Inc. decreased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 84.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 388,720 shares of the real estate investment trust's stock after selling 2,160,977 shares during the period. Cohen & Steers Inc. owned 0.36% of Camden Property Trust worth $45,107,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake 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 worth $26,000 after purchasing an additional 98 shares during the last quarter. National Pension Service bought a new stake in shares of Camden Property Trust in the 4th quarter valued at about $26,000. Quent Capital LLC lifted its holdings 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 buying an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust during the 4th quarter worth approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 206 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPT. Mizuho reduced their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Truist Financial boosted their target price on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Evercore ISI lifted their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. One 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $127.61.

Camden Property Trust Stock Performance

CPT traded up $1.96 during trading on Friday, reaching $112.16. 581,671 shares of the company were exchanged, compared to its average volume of 915,027. Camden Property Trust has a 52 week low of $95.65 and a 52 week high of $127.69. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a market cap of $12.20 billion, a P/E ratio of 74.77, a PEG ratio of 4.41 and a beta of 0.79. The firm has a 50 day moving average of $118.16 and a 200 day moving average of $117.94.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is presently 280.00%.

Camden Property Trust Company 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.