Mackenzie Financial Corp Sells 743 Shares of Camden Property Trust (NYSE:CPT)

Mackenzie Financial Corp decreased its holdings in shares of Camden Property Trust (NYSE:CPT) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,346 shares of the real estate investment trust’s stock after selling 743 shares during the period. Mackenzie Financial Corp’s holdings in Camden Property Trust were worth $928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in shares of Camden Property Trust by 60.8% during the third 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. Tobam increased its stake in shares of Camden Property Trust by 4,166.7% during the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 375 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Camden Property Trust during the third quarter valued at approximately $69,000. Covestor Ltd increased 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Camden Property Trust during the third quarter valued at approximately $204,000. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CPT. Deutsche Bank Aktiengesellschaft began coverage on shares of Camden Property Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $90.00 price target on the stock. Truist Financial increased their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Barclays cut shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $138.00 to $100.00 in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group began coverage on shares of Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 price target on the stock. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $104.29.

Camden Property Trust Trading Down 0.7 %

Shares of Camden Property Trust stock opened at $98.19 on Friday. The company’s fifty day simple moving average is $97.24 and its 200-day simple moving average is $95.15. The stock has a market capitalization of $10.69 billion, a PE ratio of 26.54, a P/E/G ratio of 3.70 and a beta of 0.83. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88.

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. The business had revenue of $387.59 million for the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 EPS. As a group, equities analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend 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 currently 111.35%.

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.