Camden Property Trust (NYSE:CPT) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lowered its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 49.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,891 shares of the real estate investment trust's stock after selling 4,756 shares during the period. Tower Research Capital LLC TRC's holdings in Camden Property Trust were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CPT. SMART Wealth LLC purchased a new position in shares of Camden Property Trust during the third quarter worth approximately $829,000. Nordea Investment Management AB raised its holdings in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after purchasing an additional 12,805 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock valued at $66,563,000 after acquiring an additional 51,097 shares during the period. Franklin Resources Inc. boosted its stake in shares of Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock worth $23,174,000 after acquiring an additional 5,985 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in Camden Property Trust by 7.7% in the 4th quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 166 shares during the period. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 5.3 %

Shares of NYSE:CPT traded up $6.09 during midday trading on Friday, reaching $120.92. The company's stock had a trading volume of 1,793,704 shares, compared to its average volume of 921,561. 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 has a market cap of $13.16 billion, a price-to-earnings ratio of 80.61, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The business has a 50 day moving average price of $116.91 and a 200 day moving average price of $117.47. Camden Property Trust has a 1 year low of $98.35 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Camden Property Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 earnings per share. Research analysts forecast 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 paid a $1.05 dividend. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, March 31st. Camden Property Trust's payout ratio is currently 280.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CPT shares. Royal Bank of Canada raised their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Wednesday. Truist Financial upped their price target on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. Barclays dropped their price objective 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. Finally, Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $127.61.

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 58,250 apartment homes across the United States.