Wells Fargo & Company MN decreased its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 182,925 shares of the real estate investment trust's stock after selling 7,668 shares during the period. Wells Fargo & Company MN owned about 0.17% of Camden Property Trust worth $21,227,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted 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 buying an additional 98 shares during the period. National Pension Service purchased a new stake in Camden Property Trust during the 4th quarter valued at about $26,000. Quent Capital LLC lifted its stake 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 during the fourth quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 97.22% of the company's stock.
Camden Property Trust Price Performance
CPT traded up $1.96 on Friday, hitting $112.16. 581,671 shares of the company's stock traded hands, compared to its average volume of 913,623. The company's 50 day simple moving average is $118.31 and its 200-day simple moving average is $118.02. 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 one year low of $94.88 and a one year high of $127.69. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 74.77, a P/E/G ratio of 4.41 and a beta of 0.79.
Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data 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 net margin of 10.58% and a return on equity of 3.35%. As a group, research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.
Camden Property Trust Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a yield of 3.74%. Camden Property Trust's dividend payout ratio is presently 280.00%.
Analyst Ratings Changes
A number of analysts have commented on the company. Mizuho reduced their target price on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Evercore ISI upped their target price on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Truist Financial raised their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Finally, Scotiabank increased their price target on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. One equities 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $127.61.
Read Our Latest Report on Camden Property Trust
About Camden Property Trust
(
Free Report)
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.
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