First Trust Advisors LP Has $4.52 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

First Trust Advisors LP reduced its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,914 shares of the real estate investment trust's stock after selling 4,710 shares during the quarter. First Trust Advisors LP's holdings in Camden Property Trust were worth $4,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Camden Property Trust in the fourth quarter valued at $187,606,000. Invesco Ltd. raised its position in shares of Camden Property Trust by 17.3% during the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock worth $344,432,000 after purchasing an additional 438,685 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Camden Property Trust by 15.9% during the fourth quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust's stock valued at $292,699,000 after purchasing an additional 345,331 shares during the last quarter. Victory Capital Management Inc. boosted its position 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. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Camden Property Trust in the 4th quarter worth about $23,972,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Up 0.1 %

NYSE:CPT traded up $0.08 during trading hours on Wednesday, reaching $119.07. The company's stock had a trading volume of 931,402 shares, compared to its average volume of 913,626. Camden Property Trust has a one year low of $98.35 and a one year high of $127.69. The business's 50-day moving average is $116.69 and its 200-day moving average is $117.44. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 79.38, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. The business had revenue of $390.57 million for the quarter, compared to analyst estimates of $388.47 million. During the same quarter in the prior year, the firm posted $1.70 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict 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 paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date was Monday, March 31st. Camden Property Trust's payout ratio is presently 385.32%.

Analysts Set New Price Targets

Several research analysts have commented on CPT shares. Citigroup upgraded shares of Camden Property Trust from a "neutral" rating to a "buy" rating and raised their target price for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Wells Fargo & Company lowered 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 research report on Friday, January 24th. Evercore ISI increased their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday, February 10th. StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $127.61.

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.