Camden Property Trust (NYSE:CPT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in Camden Property Trust (NYSE:CPT - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 356,597 shares of the real estate investment trust's stock after selling 14,913 shares during the period. Russell Investments Group Ltd. owned about 0.33% of Camden Property Trust worth $41,380,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CPT. HighTower Advisors LLC raised its holdings in Camden Property Trust by 5.6% in the 3rd quarter. HighTower Advisors LLC now owns 57,856 shares of the real estate investment trust's stock worth $7,138,000 after purchasing an additional 3,083 shares in the last quarter. Wellington Management Group LLP raised its holdings in Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock worth $243,952,000 after acquiring an additional 918,078 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Camden Property Trust during the third quarter valued at $2,676,000. National Bank of Canada FI lifted its stake in Camden Property Trust by 63.0% during the 3rd quarter. National Bank of Canada FI now owns 47,611 shares of the real estate investment trust's stock valued at $5,881,000 after acquiring an additional 18,402 shares during the period. Finally, MML Investors Services LLC boosted its holdings in Camden Property Trust by 1.6% in the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust's stock worth $1,148,000 after purchasing an additional 147 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. StockNews.com upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Barclays cut their target price on shares of Camden Property Trust from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Finally, Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $127.61.

Camden Property Trust Stock Down 0.2 %

Shares of CPT traded down $0.21 during midday trading on Friday, reaching $107.85. 1,358,648 shares of the stock were exchanged, compared to its average volume of 911,213. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The company's 50 day moving average is $118.72 and its two-hundred day moving average is $118.21. The company has a market capitalization of $11.73 billion, a P/E ratio of 71.90, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors 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 yield of 3.89%. 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 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.