Raymond James Financial Inc. Invests $17.62 Million in Camden Property Trust (NYSE:CPT)

Raymond James Financial Inc. acquired a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 151,807 shares of the real estate investment trust's stock, valued at approximately $17,616,000. Raymond James Financial Inc. owned about 0.14% of Camden Property Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Camden Property Trust by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock valued at $2,001,737,000 after acquiring an additional 125,287 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Camden Property Trust by 6.7% in the fourth 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust's stock valued at $344,432,000 after purchasing an additional 438,685 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Camden Property Trust by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust's stock valued at $326,032,000 after buying an additional 76,429 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in 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 worth $292,699,000 after buying an additional 345,331 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CPT. Citigroup upgraded Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price objective for the company from $125.00 to $138.00 in a research note on Friday, March 28th. Royal Bank of Canada boosted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a report on Monday, February 10th. Scotiabank upped their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Truist Financial upped their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $127.61.

Camden Property Trust Stock Performance

Camden Property Trust stock traded down $0.04 during midday trading on Friday, reaching $113.99. The stock had a trading volume of 147,760 shares, compared to its average volume of 912,179. The firm has a market capitalization of $12.40 billion, a PE ratio of 75.95, a P/E/G ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 12 month low of $97.28 and a 12 month high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm's 50-day moving average price is $117.53 and its 200 day moving average price is $117.65.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $1.05 dividend. The ex-dividend date was Monday, March 31st. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.68%. Camden Property Trust's payout ratio is 280.00%.

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.