Tower Research Capital LLC TRC Sells 4,756 Shares of Camden Property Trust (NYSE:CPT)

Tower Research Capital LLC TRC lessened its position in Camden Property Trust (NYSE:CPT) by 49.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,891 shares of the real estate investment trust’s stock after selling 4,756 shares during the period. Tower Research Capital LLC TRC’s holdings in Camden Property Trust were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. grew its position in shares of Camden Property Trust by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 1,466 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 90 shares during the period. UMB Bank n.a. grew its position in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 98 shares during the period. First American Bank grew its position in shares of Camden Property Trust by 1.0% in the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust’s stock valued at $1,259,000 after acquiring an additional 104 shares during the period. Fisher Asset Management LLC grew its position in shares of Camden Property Trust by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust’s stock valued at $499,000 after acquiring an additional 105 shares during the period. Finally, Doliver Advisors LP grew its position in shares of Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 113 shares during the period. Institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPT. Wells Fargo & Company decreased their price objective on shares of Camden Property Trust from $127.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Scotiabank lifted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Barclays reduced their target price on shares of Camden Property Trust from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Stifel Nicolaus lifted their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Finally, Mizuho reduced their target price on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $127.61.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $114.43 on Tuesday. The firm has a 50 day moving average of $117.34 and a 200-day moving average of $117.55. The stock has a market capitalization of $12.45 billion, a PE ratio of 76.29, a PEG ratio of 4.41 and a beta of 0.79. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12 month low of $98.00 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. On average, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.67%. 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 is currently 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.