Foster & Motley Inc. Has $642,000 Stock Position in Camden Property Trust (NYSE:CPT)

Foster & Motley Inc. decreased its position in Camden Property Trust (NYSE:CPT - Free Report) by 63.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,462 shares of the real estate investment trust's stock after selling 11,071 shares during the period. Foster & Motley Inc.'s holdings in Camden Property Trust were worth $642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPT. Parkside Financial Bank & Trust lifted its position in Camden Property Trust by 60.8% during the third 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 during the period. Tobam grew its stake 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 purchasing an additional 375 shares during the period. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust during the 3rd quarter valued at about $69,000. Riverview Trust Co purchased a new position in shares of Camden Property Trust during the 3rd quarter valued at about $74,000. Finally, Cetera Trust Company N.A purchased a new position in Camden Property Trust in the 4th quarter worth approximately $116,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Up 0.3 %

Shares of NYSE CPT traded up $0.26 during mid-day trading on Wednesday, reaching $98.86. 1,088,891 shares of the company were exchanged, compared to its average volume of 1,112,427. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 3.68 and a beta of 0.83. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. The firm has a 50-day moving average of $97.14 and a 200 day moving average of $95.12.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to analysts' expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS. On average, research analysts expect that Camden Property Trust will post 6.72 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.17%. Camden Property Trust's dividend payout ratio is currently 111.35%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPT. Truist Financial boosted their price target on Camden Property Trust from $113.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, April 9th. Morgan Stanley upped their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a report on Tuesday, January 30th. They set a "hold" rating and a $90.00 price objective on the stock. Mizuho decreased their price objective on Camden Property Trust from $103.00 to $99.00 and set a "buy" rating on the stock in a report on Wednesday, February 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $103.00 target price on shares of Camden Property Trust in a research report on Monday, February 5th. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $104.29.

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.