Envestnet Asset Management Inc. Sells 8,633 Shares of Camden Property Trust (NYSE:CPT)

Envestnet Asset Management Inc. reduced its position in Camden Property Trust (NYSE:CPT - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,440 shares of the real estate investment trust's stock after selling 8,633 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.21% of Camden Property Trust worth $25,696,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Camden Property Trust by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after buying an additional 125,287 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after purchasing an additional 277,117 shares during the period. Geode Capital Management LLC raised its holdings in shares of Camden Property Trust by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock worth $326,032,000 after buying an additional 76,429 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Camden Property Trust by 15.9% in the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock worth $292,699,000 after buying an additional 345,331 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Camden Property Trust by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,078,944 shares of the real estate investment trust's stock worth $241,241,000 after buying an additional 104,102 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CPT. Wells Fargo & Company dropped their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price target for the company from $117.00 to $139.00 in a report on Monday, March 10th. Evercore ISI boosted their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Royal Bank of Canada increased their price target on 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. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $127.61.

Camden Property Trust Trading Up 1.8 %

Shares of CPT stock traded up $1.96 on Friday, reaching $112.16. The company had a trading volume of 581,671 shares, compared to its average volume of 915,027. The company has a 50-day moving average of $118.16 and a 200-day moving average of $117.94. Camden Property Trust has a 12 month low of $95.65 and a 12 month high of $127.69. The stock has a market cap of $12.20 billion, a PE ratio of 74.77, a PEG ratio of 4.41 and a beta of 0.79. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

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 EPS for the quarter, topping 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%. On average, equities analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, March 31st. Camden Property Trust's dividend payout ratio (DPR) 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.