Franklin Resources Inc. Grows Position in Camden Property Trust (NYSE:CPT)

Franklin Resources Inc. raised its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 28.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,246 shares of the real estate investment trust's stock after purchasing an additional 55,561 shares during the period. Franklin Resources Inc. owned approximately 0.23% of Camden Property Trust worth $28,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC acquired a new stake in shares of Camden Property Trust in the third quarter valued at about $294,000. HighTower Advisors LLC increased its position in shares of Camden Property Trust by 5.6% during the third quarter. HighTower Advisors LLC now owns 57,856 shares of the real estate investment trust's stock worth $7,138,000 after acquiring an additional 3,083 shares in the last quarter. Investment Management Corp of Ontario increased its holdings in Camden Property Trust by 50.8% during the 3rd quarter. Investment Management Corp of Ontario now owns 3,560 shares of the real estate investment trust's stock worth $440,000 after purchasing an additional 1,200 shares in the last quarter. Quarry LP purchased a new position in Camden Property Trust during the 3rd quarter worth $103,000. Finally, Quantinno Capital Management LP increased its stake in Camden Property Trust by 35.6% in the 3rd quarter. Quantinno Capital Management LP now owns 38,801 shares of the real estate investment trust's stock valued at $4,793,000 after buying an additional 10,191 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Scotiabank raised their target price on 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. Barclays lifted their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut Camden Property Trust from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and raised their target price for the stock from $125.00 to $138.00 in a research report on Friday, March 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. One 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $127.76.

Camden Property Trust Trading Down 4.3 %

Shares of CPT traded down $4.80 during trading hours on Thursday, hitting $106.91. 476,289 shares of the stock were exchanged, compared to its average volume of 906,324. The firm has a market capitalization of $11.63 billion, a P/E ratio of 71.57, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The business has a 50-day moving average of $118.96 and a 200-day moving average of $118.51. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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, research analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders 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 dividend yield of 3.93%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio is 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.