Franklin Resources Inc. Boosts Stock Holdings in Camden Property Trust (NYSE:CPT)

Franklin Resources Inc. boosted its position in Camden Property Trust (NYSE:CPT) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,685 shares of the real estate investment trust’s stock after buying an additional 5,985 shares during the quarter. Franklin Resources Inc. owned approximately 0.18% of Camden Property Trust worth $23,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Kings Path Partners LLC purchased a new stake in Camden Property Trust in the 2nd quarter worth about $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust during the second quarter worth about $33,000. Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust in the third quarter worth about $38,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust in the second quarter valued at approximately $39,000. Finally, American Capital Advisory LLC lifted its stake in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $112.52 on Friday. The firm has a market capitalization of $12.00 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The business’s 50-day moving average price is $120.33 and its 200-day moving average price is $117.68.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.66%. Camden Property Trust’s payout ratio is 130.38%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPT. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Evercore ISI lifted their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Piper Sandler increased their price objective on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Scotiabank reduced their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average price target of $125.81.

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.