Camden Property Trust (NYSE:CPT) Position Boosted by LPL Financial LLC

LPL Financial LLC raised its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,573 shares of the real estate investment trust's stock after buying an additional 3,974 shares during the period. LPL Financial LLC's holdings in Camden Property Trust were worth $3,780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. National Pension Service bought a new stake in Camden Property Trust during the fourth quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings in 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 period. Quent Capital LLC lifted its holdings 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 in the last quarter. IAG Wealth Partners LLC purchased a new stake in shares of Camden Property Trust in the fourth quarter worth about $29,000. Finally, Neo Ivy Capital Management bought a new position in shares of Camden Property Trust during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

Shares of NYSE CPT remained flat at $111.34 during midday trading on Wednesday. The stock had a trading volume of 120,707 shares, compared to its average volume of 910,585. The company has a market cap of $12.11 billion, a P/E ratio of 74.14, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The business has a fifty day moving average of $118.49 and a two-hundred day moving average of $118.07. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, research analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $1.05 dividend. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Monday, March 31st. Camden Property Trust's dividend payout ratio (DPR) is presently 280.00%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Mizuho decreased their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Barclays cut their target price on Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Scotiabank boosted their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Wells Fargo & Company lowered 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. Finally, Royal Bank of Canada increased their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and a consensus price target of $127.61.

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.