YHB Investment Advisors Inc. Reduces Holdings in Camden Property Trust (NYSE:CPT)

YHB Investment Advisors Inc. reduced its position in Camden Property Trust (NYSE:CPT) by 6.1% in the 3rd quarter, Holdings Channel reports. The firm owned 3,911 shares of the real estate investment trust’s stock after selling 255 shares during the period. YHB Investment Advisors Inc.’s holdings in Camden Property Trust were worth $483,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. Centersquare Investment Management LLC boosted its position in shares of Camden Property Trust by 64.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after purchasing an additional 898,398 shares in the last quarter. Duquesne Family Office LLC acquired a new stake in Camden Property Trust during the 2nd quarter valued at $63,056,000. Vanguard Group Inc. lifted its position in shares of Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after acquiring an additional 289,425 shares in the last quarter. American Century Companies Inc. lifted its holdings in Camden Property Trust by 690.1% in the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after purchasing an additional 217,076 shares in the last quarter. Finally, Empyrean Capital Partners LP purchased a new stake in shares of Camden Property Trust during the second quarter worth about $22,913,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CPT. UBS Group boosted their price target on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Piper Sandler lifted their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $121.76.

Camden Property Trust Price Performance

Shares of CPT opened at $120.35 on Friday. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 4.51 and a beta of 0.90. The business’s 50-day moving average is $122.46 and its 200-day moving average is $112.54.

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 for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. 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 prior year, the firm earned $1.70 EPS. Equities research analysts expect that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.42%. Camden Property Trust’s payout ratio is presently 100.98%.

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 58,250 apartment homes across the United States.