Cetera Trust Company N.A Purchases Shares of 1,165 Camden Property Trust (NYSE:CPT)

Cetera Trust Company N.A purchased a new stake in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,165 shares of the real estate investment trust’s stock, valued at approximately $116,000.

Several other hedge funds have also modified their holdings of CPT. JPMorgan Chase & Co. lifted its position in shares of Camden Property Trust by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock valued at $382,575,000 after buying an additional 1,187,974 shares during the last quarter. Boston Trust Walden Corp purchased a new position in shares of Camden Property Trust in the 3rd quarter valued at approximately $17,992,000. MBB Public Markets I LLC raised its position in shares of Camden Property Trust by 201.2% in the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after purchasing an additional 156,985 shares during the last quarter. Invesco Ltd. raised its position in shares of Camden Property Trust by 13.2% in the 3rd quarter. Invesco Ltd. now owns 1,273,151 shares of the real estate investment trust’s stock valued at $120,415,000 after purchasing an additional 148,809 shares during the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Camden Property Trust in the 4th quarter valued at approximately $11,868,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Mizuho decreased their price objective on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $103.00 price objective on shares of Camden Property Trust in a research report on Monday, February 5th. Finally, Barclays lowered shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $138.00 to $100.00 in a research report on Tuesday, February 20th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $104.29.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $98.09 on Tuesday. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.61 and a beta of 0.83. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The firm’s 50 day simple moving average is $97.00 and its 200-day simple moving average is $95.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. Analysts expect that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.12 dividend on an annualized basis and a yield of 4.20%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s dividend payout ratio (DPR) is currently 111.35%.

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 58,634 apartment homes across the United States.