Camden Property Trust (NYSE:CPT) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its position in Camden Property Trust (NYSE:CPT) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,166,508 shares of the real estate investment trust’s stock after selling 29,503 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Camden Property Trust were worth $135,365,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CPT. UMB Bank n.a. grew its holdings in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the last quarter. National Pension Service purchased a new stake in shares of Camden Property Trust in the 4th quarter worth about $26,000. Quent Capital LLC grew its stake 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 valued at $28,000 after acquiring an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new position in Camden Property Trust during the 4th quarter valued at about $29,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Camden Property Trust by 117.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

NYSE CPT opened at $114.00 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $98.00 and a 1-year high of $127.69. The firm has a market capitalization of $12.40 billion, a P/E ratio of 76.00, a P/E/G ratio of 4.41 and a beta of 0.79. The business’s 50-day simple moving average is $117.43 and its 200-day simple moving average is $117.59.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays cut their price objective on Camden Property Trust from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Stifel Nicolaus upped their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, February 7th. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Mizuho reduced their target price 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. Finally, Evercore ISI lifted their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and an average target price 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.