Price T Rowe Associates Inc. MD Reduces Position in Camden Property Trust (NYSE:CPT)

Price T Rowe Associates Inc. MD trimmed its stake in Camden Property Trust (NYSE:CPT - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,166,508 shares of the real estate investment trust's stock after selling 29,503 shares during the period. Price T Rowe Associates Inc. MD owned 1.09% of Camden Property Trust worth $135,365,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its stake in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after buying an additional 98 shares during the last quarter. National Pension Service purchased a new stake in shares of Camden Property Trust in the fourth quarter worth about $26,000. Quent Capital LLC raised its holdings in Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new position in Camden Property Trust in the 4th quarter worth about $29,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 206 shares during the period. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Price Performance

Shares of NYSE CPT traded up $1.18 on Thursday, hitting $114.98. The company's stock had a trading volume of 1,084,458 shares, compared to its average volume of 920,426. Camden Property Trust has a 12-month low of $98.00 and a 12-month high of $127.69. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 76.65, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. 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 stock has a 50 day moving average of $117.06 and a 200-day moving average of $117.49.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, 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 given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is currently 280.00%.

Analyst Ratings Changes

CPT has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Mizuho reduced their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Barclays cut their price target on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. Finally, StockNews.com downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $127.61.

Camden Property Trust Company 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.