70,154 Shares in Camden Property Trust (NYSE:CPT) Purchased by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 70,154 shares of the real estate investment trust's stock, valued at approximately $6,966,000. Cerity Partners LLC owned 0.07% of Camden Property Trust as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. lifted its position in shares of Camden Property Trust by 57.0% during the 4th quarter. Bessemer Group Inc. now owns 259 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 94 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Camden Property Trust by 60.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 144 shares in the last quarter. Tobam lifted its position in shares of Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 375 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in shares of Camden Property Trust during the 4th quarter valued at about $45,000. Finally, Belpointe Asset Management LLC lifted its position in shares of Camden Property Trust by 175.5% during the 1st quarter. Belpointe Asset Management LLC now owns 449 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 286 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Piper Sandler reissued an "underweight" rating and issued a $90.00 price target on shares of Camden Property Trust in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Camden Property Trust in a report on Tuesday, January 30th. They issued a "hold" rating and a $90.00 price target on the stock. StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. Morgan Stanley boosted their price target on Camden Property Trust from $95.00 to $98.00 and gave the stock an "equal weight" rating in a report on Monday, February 26th. Finally, The Goldman Sachs Group assumed coverage on Camden Property Trust in a report on Thursday, February 22nd. They issued a "buy" rating and a $112.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Camden Property Trust currently has an average rating of "Hold" and a consensus target price of $104.29.

Camden Property Trust Trading Down 1.6 %

Shares of NYSE CPT traded down $1.58 during trading hours on Tuesday, hitting $95.04. 606,721 shares of the company traded hands, compared to its average volume of 1,141,772. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.67 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The company's 50 day moving average price is $96.83 and its 200 day moving average price is $95.02. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results 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 the consensus estimate of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. On average, equities research analysts anticipate that Camden Property Trust will post 6.73 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.12 annualized dividend and a dividend yield of 4.34%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.00. Camden Property Trust's payout ratio is currently 111.35%.

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 58,634 apartment homes across the United States.