Envestnet Asset Management Inc. Has $25.70 Million Holdings in Camden Property Trust (NYSE:CPT)

Envestnet Asset Management Inc. reduced its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,440 shares of the real estate investment trust's stock after selling 8,633 shares during the period. Envestnet Asset Management Inc. owned 0.21% of Camden Property Trust worth $25,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MML Investors Services LLC grew its position in Camden Property Trust by 1.6% in the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust's stock worth $1,148,000 after acquiring an additional 147 shares in the last quarter. Barclays PLC raised 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 valued at $50,371,000 after buying an additional 127,358 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Camden Property Trust by 1.3% in the third quarter. Toronto Dominion Bank now owns 52,669 shares of the real estate investment trust's stock worth $6,506,000 after buying an additional 690 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Camden Property Trust by 316.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 832 shares of the real estate investment trust's stock worth $103,000 after acquiring an additional 632 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Camden Property Trust by 43.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,101 shares of the real estate investment trust's stock valued at $2,225,000 after acquiring an additional 5,485 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CPT. Stifel Nicolaus lifted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $125.00 to $138.00 in a research report on Friday, March 28th. Evercore ISI increased their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price target for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. Finally, Scotiabank raised their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and a consensus price target of $127.61.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $1.96 during mid-day trading on Friday, reaching $112.16. 581,671 shares of the stock were exchanged, compared to its average volume of 913,623. Camden Property Trust has a fifty-two week low of $94.88 and a fifty-two week high of $127.69. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 74.77, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The firm has a 50-day simple moving average of $118.31 and a 200 day simple moving average of $118.02. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued 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%. On average, sell-side analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $1.05 dividend. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.74%. Camden Property Trust's payout ratio is presently 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.