Miller Howard Investments Inc. NY Sells 27,225 Shares of Camden Property Trust (NYSE:CPT)

Miller Howard Investments Inc. NY reduced its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 161,444 shares of the real estate investment trust's stock after selling 27,225 shares during the quarter. Miller Howard Investments Inc. NY owned approximately 0.15% of Camden Property Trust worth $16,030,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bessemer Group Inc. increased its position in Camden Property Trust by 57.0% in the fourth quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust's stock worth $29,000 after buying an additional 94 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Camden Property Trust by 1.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,751 shares of the real estate investment trust's stock worth $1,165,000 after acquiring an additional 95 shares during the period. Rockefeller Capital Management L.P. lifted its position in Camden Property Trust by 0.3% in the 1st quarter. Rockefeller Capital Management L.P. now owns 36,569 shares of the real estate investment trust's stock valued at $3,833,000 after purchasing an additional 96 shares during the last quarter. qPULA Trading Management LP boosted its stake in Camden Property Trust by 7.7% during the 1st quarter. qPULA Trading Management LP now owns 1,400 shares of the real estate investment trust's stock valued at $233,000 after purchasing an additional 100 shares during the period. Finally, Lido Advisors LLC grew its position in Camden Property Trust by 0.8% in the 1st quarter. Lido Advisors LLC now owns 16,781 shares of the real estate investment trust's stock worth $2,789,000 after purchasing an additional 126 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CPT shares. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research report on Tuesday, January 30th. They set a "hold" rating and a $90.00 price objective for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. The Goldman Sachs Group began coverage on Camden Property Trust in a research note on Thursday, February 22nd. They issued a "buy" rating and a $112.00 price objective on the stock. Finally, Piper Sandler reaffirmed an "underweight" rating and set a $90.00 target price on shares of Camden Property Trust in a research note on Tuesday, March 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $104.29.

Camden Property Trust Stock Up 1.4 %

Shares of CPT stock traded up $1.45 on Tuesday, reaching $103.58. 1,683,952 shares of the company's stock traded hands, compared to its average volume of 1,160,924. The company has a market capitalization of $11.27 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 3.61 and a beta of 0.83. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $114.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.88. The business's 50 day moving average price is $96.52 and its two-hundred day moving average price is $94.94.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.31. The firm had revenue of $387.59 million for the quarter, compared to analyst estimates of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 EPS. On average, equities analysts forecast that Camden Property Trust will post 6.75 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be paid a $1.03 dividend. This is a boost from Camden Property Trust's previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. This represents a $4.12 annualized dividend and a dividend yield of 3.98%. Camden Property Trust's payout ratio is presently 111.35%.

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 58,634 apartment homes across the United States.