Cerity Partners LLC Sells 2,543 Shares of Camden Property Trust (NYSE:CPT)

Cerity Partners LLC lessened its position in Camden Property Trust (NYSE:CPT - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,132 shares of the real estate investment trust's stock after selling 2,543 shares during the period. Cerity Partners LLC owned about 0.07% of Camden Property Trust worth $9,103,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. National Pension Service acquired a new position in Camden Property Trust in the fourth quarter valued at about $26,000. UMB Bank n.a. raised its stake in shares of 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 acquiring an additional 98 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of 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 worth $28,000 after acquiring an additional 114 shares in the last quarter. IAG Wealth Partners LLC bought a new stake in Camden Property Trust during the 4th quarter worth approximately $29,000. Finally, Neo Ivy Capital Management acquired a new stake in Camden Property Trust during the 3rd quarter valued at $38,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 0.7 %

CPT traded up $0.77 during midday trading on Wednesday, reaching $112.11. 187,535 shares of the company were exchanged, compared to its average volume of 1,017,703. The stock has a market capitalization of $12.20 billion, a P/E ratio of 74.74, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a one year low of $94.84 and a one year high of $127.69. The stock's 50-day simple moving average is $118.49 and its 200 day simple moving average is $118.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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%. As a group, analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.75%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is currently 280.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank of Canada increased their target price 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. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Barclays dropped their target price on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their price target for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average price target 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.