Tower Research Capital LLC TRC Sells 4,756 Shares of Camden Property Trust (NYSE:CPT)

Tower Research Capital LLC TRC trimmed its holdings in Camden Property Trust (NYSE:CPT) by 49.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,891 shares of the real estate investment trust’s stock after selling 4,756 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Camden Property Trust were worth $568,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Federated Hermes Inc. raised its holdings in shares of Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 90 shares during the last quarter. UMB Bank n.a. raised its holdings 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 purchasing an additional 98 shares during the last quarter. First American Bank raised its holdings in Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock worth $1,259,000 after purchasing an additional 104 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Camden Property Trust by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock worth $499,000 after purchasing an additional 105 shares during the last quarter. Finally, Doliver Advisors LP raised its holdings in Camden Property Trust by 6.7% during the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 113 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Scotiabank boosted their price objective on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Finally, Evercore ISI boosted their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $127.61.

Camden Property Trust Trading Up 0.4 %

NYSE:CPT opened at $114.43 on Tuesday. Camden Property Trust has a twelve month low of $98.00 and a twelve 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 business has a 50 day moving average price of $117.34 and a two-hundred day moving average price of $117.55. The company has a market cap of $12.45 billion, a P/E ratio of 76.29, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.67%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio is 280.00%.

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.