T. Rowe Price Investment Management Inc. Sells 33,381 Shares of Camden Property Trust (NYSE:CPT)

T. Rowe Price Investment Management Inc. decreased its position in shares of Camden Property Trust (NYSE:CPT) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338,169 shares of the real estate investment trust’s stock after selling 33,381 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.32% of Camden Property Trust worth $39,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CPT. National Pension Service acquired a new stake in shares of Camden Property Trust in the 4th quarter valued at approximately $26,000. UMB Bank n.a. increased its position in Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares in the last quarter. Quent Capital LLC lifted its stake in Camden Property Trust by 87.0% in the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new stake in Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 206 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on CPT shares. 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. StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Citigroup upgraded Camden Property Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $138.00 in a report on Friday, March 28th. Truist Financial raised their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company reduced their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $127.61.

Camden Property Trust Stock Down 0.0 %

Shares of Camden Property Trust stock opened at $114.00 on Friday. The stock’s 50-day moving average is $117.43 and its 200 day moving average is $117.59. Camden Property Trust has a one year low of $98.00 and a one year high of $127.69. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 76.00, a PEG ratio of 4.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.68%. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, March 31st. Camden Property Trust’s dividend payout ratio (DPR) is presently 280.00%.

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.