Camden Property Trust (NYSE:CPT) Shares Sold by Fmr LLC

FMR LLC reduced its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,245,554 shares of the real estate investment trust's stock after selling 51,816 shares during the quarter. FMR LLC owned about 3.04% of Camden Property Trust worth $376,614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPT. UMB Bank n.a. boosted its stake in shares of Camden Property Trust by 76.6% during 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. National Pension Service purchased a new position in shares of Camden Property Trust in the 4th quarter valued at $26,000. Quent Capital LLC boosted its position in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after buying an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter valued at approximately $29,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust during the 3rd quarter valued at approximately $38,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPT has been the topic of a number of recent research reports. Scotiabank raised their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Royal Bank of Canada boosted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Mizuho dropped their price objective on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $127.61.

Camden Property Trust Price Performance

Camden Property Trust stock traded up $0.83 during mid-day trading on Wednesday, hitting $112.17. The stock had a trading volume of 148,895 shares, compared to its average volume of 1,017,558. The firm's 50 day moving average is $118.49 and its 200 day moving average is $118.07. The firm has a market capitalization of $12.20 billion, a P/E ratio of 74.80, a P/E/G 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 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 released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts' consensus estimates 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 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.74%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. Camden Property Trust's payout ratio is presently 280.00%.

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.