Camden Property Trust $CPT Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in Camden Property Trust (NYSE:CPT - Free Report) by 40.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,765,361 shares of the real estate investment trust's stock after selling 1,202,860 shares during the quarter. Invesco Ltd. owned 1.65% of Camden Property Trust worth $215,904,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC raised its holdings in Camden Property Trust by 3.6% in the first quarter. Centersquare Investment Management LLC now owns 2,614,150 shares of the real estate investment trust's stock valued at $319,711,000 after acquiring an additional 91,752 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Camden Property Trust by 17.2% during the first quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust's stock worth $227,942,000 after purchasing an additional 273,966 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Camden Property Trust by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust's stock worth $184,763,000 after purchasing an additional 7,330 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Camden Property Trust by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,538,038 shares of the real estate investment trust's stock worth $188,102,000 after purchasing an additional 23,488 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Camden Property Trust by 33.7% during the fourth quarter. Northern Trust Corp now owns 1,420,076 shares of the real estate investment trust's stock worth $164,786,000 after purchasing an additional 357,718 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Down 0.4%

Shares of Camden Property Trust stock traded down $0.42 on Monday, hitting $106.40. 165,829 shares of the company's stock traded hands, compared to its average volume of 982,574. The stock has a market cap of $11.37 billion, a P/E ratio of 74.36, a PEG ratio of 3.63 and a beta of 0.78. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. The firm's 50-day moving average is $112.59 and its 200 day moving average is $115.62. Camden Property Trust has a 52-week low of $102.35 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 EPS for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million during the quarter, compared to analysts' expectations of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. The business's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 EPS. Equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust's dividend payout ratio is currently 293.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CPT shares. Mizuho cut their target price on shares of Camden Property Trust from $130.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Wall Street Zen raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Camden Property Trust from $127.00 to $129.00 and gave the company an "underweight" rating in a research report on Tuesday, June 17th. Barclays lowered their price objective on shares of Camden Property Trust from $137.00 to $128.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $133.00 price objective (down from $136.00) on shares of Camden Property Trust in a research report on Thursday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $124.94.

Camden Property Trust 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.