Raymond James & Associates Grows Holdings in Camden Property Trust (NYSE:CPT)

Raymond James & Associates grew its holdings in Camden Property Trust (NYSE:CPT) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,548 shares of the real estate investment trust’s stock after purchasing an additional 12,493 shares during the period. Raymond James & Associates’ holdings in Camden Property Trust were worth $13,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kings Path Partners LLC purchased a new position in shares of Camden Property Trust during the second quarter valued at $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust during the second quarter valued at $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust during the second quarter valued at $39,000. Versant Capital Management Inc increased its stake in shares of 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 valued at $40,000 after buying an additional 350 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of 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 valued at $115,000 after buying an additional 732 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CPT. Scotiabank raised their price target on Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. Jefferies Financial Group began coverage on Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target for the company. Royal Bank of Canada downgraded Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price target for the company. in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised their price target on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. raised their price target on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $121.76.

Camden Property Trust Trading Down 1.7 %

Camden Property Trust stock opened at $118.29 on Monday. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $127.69. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 4.51 and a beta of 0.90. The stock has a 50-day moving average price of $122.43 and a 200 day moving average price of $112.80. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. The company had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. During the same period in the previous year, the firm posted $1.70 earnings per share. Sell-side analysts anticipate that Camden Property Trust will post 6.77 EPS for the current year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s payout ratio is presently 100.98%.

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.