Ceredex Value Advisors LLC Decreases Stock Holdings in Camden Property Trust (NYSE:CPT)

Ceredex Value Advisors LLC decreased its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 27.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,900 shares of the real estate investment trust's stock after selling 44,200 shares during the period. Ceredex Value Advisors LLC owned approximately 0.11% of Camden Property Trust worth $14,684,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CPT. Kings Path Partners LLC bought a new stake in shares of Camden Property Trust during the 2nd quarter valued at about $33,000. Federated Hermes Inc. bought a new stake in Camden Property Trust during the second quarter worth about $33,000. Family Firm Inc. bought a new stake in Camden Property Trust during the second quarter worth about $39,000. Versant Capital Management Inc boosted its stake in Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 350 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Camden Property Trust by 367.8% during the third quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust's stock worth $115,000 after acquiring an additional 732 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CPT shares. Bank of America raised shares of Camden Property Trust from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a "neutral" rating and a $139.00 price objective on the stock. StockNews.com lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $121.76.

Camden Property Trust Stock Performance

NYSE CPT traded down $2.06 during trading hours on Friday, hitting $113.73. 2,430,518 shares of the company's stock traded hands, compared to its average volume of 992,370. The business's fifty day moving average price is $122.03 and its two-hundred day moving average price is $113.23. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.13 billion, a P/E ratio of 31.24, a P/E/G ratio of 4.40 and a beta of 0.90. Camden Property Trust has a 52 week low of $85.30 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter last year, the firm posted $1.70 earnings per share. Equities research analysts predict that Camden Property Trust will post 6.78 EPS for the current year.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.62%. Camden Property Trust's payout ratio is currently 113.19%.

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.