Raymond James Financial Inc. Takes Position in Camden Property Trust (NYSE:CPT)

Raymond James Financial Inc. purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 151,807 shares of the real estate investment trust's stock, valued at approximately $17,616,000. Raymond James Financial Inc. owned about 0.14% of Camden Property Trust at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. National Pension Service acquired a new stake in Camden Property Trust during the 4th quarter valued at approximately $26,000. UMB Bank n.a. boosted its position 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 last quarter. Quent Capital LLC grew its holdings in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new position in shares of Camden Property Trust in the 4th quarter valued at about $29,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Camden Property Trust by 117.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 206 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Up 0.8 %

NYSE CPT traded up $0.91 on Wednesday, reaching $114.07. The company had a trading volume of 814,800 shares, compared to its average volume of 916,389. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The company's fifty day moving average is $117.73 and its 200 day moving average is $117.72. Camden Property Trust has a 52-week low of $97.12 and a 52-week high of $127.69. The stock has a market capitalization of $12.41 billion, a P/E ratio of 76.05, a P/E/G ratio of 4.41 and a beta of 0.79.

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 EPS for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.68%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Scotiabank boosted their price target 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. Mizuho dropped 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. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and increased their target price for the stock from $117.00 to $139.00 in a research note on Monday, March 10th. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company cut their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $127.61.

About Camden Property Trust

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.