Raymond James Financial Services Advisors Inc. Sells 185 Shares of Camden Property Trust (NYSE:CPT)

Raymond James Financial Services Advisors Inc. decreased its holdings in Camden Property Trust (NYSE:CPT) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,461 shares of the real estate investment trust’s stock after selling 185 shares during the period. 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 hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings 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 acquiring an additional 144 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust during the 3rd quarter worth $69,000. Riverview Trust Co bought a new stake in Camden Property Trust during the third quarter valued at about $74,000. Covestor Ltd grew its stake in Camden Property Trust by 43.0% in 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 last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Camden Property Trust in the third quarter worth about $204,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 0.6 %

Shares of NYSE:CPT opened at $98.64 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 3.61 and a beta of 0.83. The business has a 50-day moving average price of $97.00 and a 200-day moving average price of $95.10.

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.31. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The company had revenue of $387.59 million for the quarter, compared to the consensus estimate of $387.33 million. During the same quarter in the prior year, the company earned $1.74 EPS. Camden Property Trust’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts predict that Camden Property Trust will post 6.72 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Wednesday, March 27th. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. Camden Property Trust’s dividend payout ratio (DPR) is 111.35%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CPT. Piper Sandler restated an “underweight” rating and issued a $90.00 price target on shares of Camden Property Trust in a report on Tuesday, March 26th. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research note on Thursday, February 22nd. They issued a “buy” rating and a $112.00 target price for the company. Mizuho reduced their price target on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Camden Property Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Barclays lowered Camden Property Trust from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently 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.