Eagle Asset Management Inc. Invests $8.04 Million in Camden Property Trust (NYSE:CPT)

Eagle Asset Management Inc. purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 66,068 shares of the real estate investment trust's stock, valued at approximately $8,043,000. Eagle Asset Management Inc. owned about 0.06% of Camden Property Trust as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CPT. Victory Capital Management Inc. boosted its holdings in Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust's stock valued at $470,704,000 after acquiring an additional 206,654 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Camden Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust's stock valued at $174,299,000 after acquiring an additional 54,475 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Camden Property Trust by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust's stock worth $185,140,000 after buying an additional 51,742 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust's stock worth $144,933,000 after purchasing an additional 7,722 shares during the period. Finally, Maverick Capital Ltd. lifted its position in Camden Property Trust by 4.1% during the 2nd quarter. Maverick Capital Ltd. now owns 1,167,785 shares of the real estate investment trust's stock valued at $127,417,000 after acquiring an additional 46,327 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CPT. StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, November 1st. Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Bank of America raised shares of Camden Property Trust from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Piper Sandler upped their price objective on Camden Property Trust from $110.00 to $128.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company raised Camden Property Trust from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $104.00 to $127.00 in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $122.50.

Camden Property Trust Price Performance

Shares of NYSE CPT traded up $1.02 during midday trading on Monday, reaching $123.92. 941,467 shares of the stock traded hands, compared to its average volume of 980,919. The company's 50 day moving average is $120.92 and its 200 day moving average is $115.60. Camden Property Trust has a one year low of $87.61 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $13.22 billion, a PE ratio of 38.89, a P/E/G ratio of 4.48 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.32%. Camden Property Trust's payout ratio is currently 130.38%.

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.