Raymond James Financial Services Advisors Inc. Cuts Holdings in Camden Property Trust (NYSE:CPT)

Raymond James Financial Services Advisors Inc. lessened its position in Camden Property Trust (NYSE:CPT) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,461 shares of the real estate investment trust’s stock after selling 185 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Camden Property Trust were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in shares of Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 144 shares in the last quarter. Federated Hermes Inc. bought a new position in Camden Property Trust during the 3rd quarter worth approximately $69,000. Riverview Trust Co purchased a new position in Camden Property Trust in the 3rd quarter worth approximately $74,000. Covestor Ltd boosted its stake in shares of Camden Property Trust by 43.0% during the third quarter. Covestor Ltd now owns 1,990 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 598 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Camden Property Trust in the third quarter worth approximately $204,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of CPT opened at $98.64 on Wednesday. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 3.61 and a beta of 0.83. The business’s fifty day simple moving average is $97.00 and its two-hundred day simple moving average is $95.10. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating the consensus estimate of $1.72 by $0.31. The company had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. Camden Property Trust’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. Research analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were given a dividend of $1.03 per share. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. 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 4.18%. Camden Property Trust’s dividend payout ratio is 111.35%.

Analyst Ratings Changes

Several equities analysts have recently commented on CPT shares. Barclays downgraded shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft began coverage on Camden Property Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Camden Property Trust in a report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price target on the stock. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Morgan Stanley lifted their target price on shares of Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $104.29.

Camden Property Trust 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.