Camden Property Trust (NYSE:CPT) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC reduced its holdings in Camden Property Trust (NYSE:CPT) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 20,408 shares of the real estate investment trust’s stock after selling 1,251 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Camden Property Trust were worth $2,368,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in Camden Property Trust by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 90 shares during the period. UMB Bank n.a. grew its holdings in Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 98 shares during the period. First American Bank grew its holdings in Camden Property Trust by 1.0% in the fourth quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after purchasing an additional 104 shares during the period. Fisher Asset Management LLC grew its holdings in Camden Property Trust by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after purchasing an additional 105 shares during the period. Finally, Doliver Advisors LP grew its holdings in Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 113 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

CPT stock opened at $114.43 on Tuesday. The business has a fifty day moving average of $117.34 and a two-hundred day moving average of $117.55. 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 stock has a market cap of $12.45 billion, a price-to-earnings ratio of 76.29, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 52-week low of $98.00 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. As a group, research 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 was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $1.05 per share. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.67%. Camden Property Trust’s dividend payout ratio (DPR) is 280.00%.

Wall Street Analyst Weigh In

CPT has been the topic of several research analyst reports. Scotiabank raised their price objective 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. Evercore ISI raised their target price on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Barclays decreased their target price on Camden Property Trust from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Truist Financial raised their target price on Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company decreased their target price on 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $127.61.

Camden Property Trust Company 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.