Franklin Resources Inc. Increases Stock Holdings in Camden Property Trust (NYSE:CPT)

Franklin Resources Inc. raised its stake in Camden Property Trust (NYSE:CPT - Free Report) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,685 shares of the real estate investment trust's stock after buying an additional 5,985 shares during the period. Franklin Resources Inc. owned 0.18% of Camden Property Trust worth $23,174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kings Path Partners LLC acquired a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. bought a new position in shares of Camden Property Trust during the second quarter valued at $33,000. Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust during the third quarter worth $38,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust during the second quarter worth $39,000. Finally, American Capital Advisory LLC grew its stake in shares of Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

CPT has been the subject of several analyst reports. Stifel Nicolaus lowered Camden Property Trust from a "buy" rating to a "hold" rating and raised their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Evercore ISI lifted their price objective on 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. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a "hold" rating and a $123.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lowered shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $129.00 to $128.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $125.81.

Camden Property Trust Stock Up 2.1 %

NYSE:CPT traded up $2.39 on Friday, hitting $114.91. The stock had a trading volume of 1,756,632 shares, compared to its average volume of 962,438. The company has a market cap of $12.26 billion, a PE ratio of 36.36, a P/E/G ratio of 4.40 and a beta of 0.92. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69. The business's fifty day moving average is $120.33 and its 200 day moving average is $117.68. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.59%. Camden Property Trust's payout ratio is 130.38%.

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.