Alliancebernstein L.P. Has $17.89 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

Alliancebernstein L.P. lessened its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,183 shares of the real estate investment trust's stock after selling 22,490 shares during the quarter. Alliancebernstein L.P. owned about 0.14% of Camden Property Trust worth $17,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Camden Property Trust in the 4th quarter worth $187,606,000. Victory Capital Management Inc. boosted its position in shares of Camden Property Trust by 6.7% during the 4th 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. Raymond James Financial Inc. acquired a new position in shares of Camden Property Trust in the 4th quarter worth approximately $17,616,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Camden Property Trust by 66.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,753 shares of the real estate investment trust's stock worth $43,602,000 after purchasing an additional 150,491 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Camden Property Trust by 45.4% during the third quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust's stock worth $50,371,000 after buying an additional 127,358 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

CPT traded up $1.65 during trading on Monday, hitting $109.58. The company's stock had a trading volume of 83,963 shares, compared to its average volume of 908,101. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 73.05, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. 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 $118.72 and its two-hundred day moving average price is $118.21.

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 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%. Sell-side analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a yield of 3.83%. Camden Property Trust's dividend payout ratio is presently 280.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CPT. Scotiabank lifted their target price 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 raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $125.00 to $138.00 in a research report on Friday, March 28th. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Finally, Truist Financial boosted their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.