Boston Trust Walden Corp trimmed its stake in shares of Camden Property Trust (NYSE:CPT – Free Report) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 442,189 shares of the real estate investment trust’s stock after selling 10,049 shares during the quarter. Boston Trust Walden Corp owned about 0.42% of Camden Property Trust worth $43,184,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Clearstead Advisors LLC boosted its stake in Camden Property Trust by 92.0% during the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 138 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Camden Property Trust in the 2nd quarter worth $32,000. Fulcrum Asset Management LLP acquired a new stake in shares of Camden Property Trust in the third quarter valued at $32,000. MUFG Securities EMEA plc acquired a new stake in shares of Camden Property Trust in the second quarter valued at $35,000. Finally, Prosperity Bancshares Inc bought a new position in Camden Property Trust during the fourth quarter valued at about $42,000. 97.22% of the stock is owned by institutional investors and hedge funds.
Camden Property Trust Price Performance
Shares of NYSE:CPT opened at $117.20 on Friday. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 8.92 and a beta of 0.78. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.04. Camden Property Trust has a 1 year low of $96.53 and a 1 year high of $117.56. The business has a fifty day simple moving average of $108.57 and a 200 day simple moving average of $106.70.
Camden Property Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 30th. Camden Property Trust’s payout ratio is presently 118.44%.
Analyst Ratings Changes
A number of research firms recently issued reports on CPT. UBS Group lowered their target price on Camden Property Trust from $108.00 to $106.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Royal Bank Of Canada raised their price objective on shares of Camden Property Trust from $104.00 to $105.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Morgan Stanley lifted their price objective on shares of Camden Property Trust from $117.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a report on Monday, April 20th. Finally, Stifel Nicolaus set a $118.75 target price on shares of Camden Property Trust in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and an average price target of $114.67.
Read Our Latest Research Report on CPT
About Camden Property Trust
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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