abrdn plc Sells 712 Shares of Camden Property Trust (NYSE:CPT)

abrdn plc decreased its position in Camden Property Trust (NYSE:CPT) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,783 shares of the real estate investment trust’s stock after selling 712 shares during the period. abrdn plc’s holdings in Camden Property Trust were worth $5,241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Camden Property Trust by 0.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 97,859 shares of the real estate investment trust’s stock worth $9,272,000 after purchasing an additional 317 shares during the last quarter. MBB Public Markets I LLC boosted its holdings in Camden Property Trust by 201.2% in the third quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after acquiring an additional 156,985 shares in the last quarter. Twin Capital Management Inc. bought a new stake in Camden Property Trust in the fourth quarter valued at $811,000. Cerity Partners LLC bought a new stake in Camden Property Trust in the fourth quarter valued at $6,966,000. Finally, Bank of Nova Scotia boosted its holdings in Camden Property Trust by 13.8% in the third quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust’s stock valued at $995,000 after acquiring an additional 1,277 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

CPT has been the topic of several recent analyst reports. Truist Financial lifted 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. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a report on Thursday, February 22nd. They issued a “buy” rating and a $112.00 price target on the stock. Piper Sandler reiterated an “underweight” rating and issued a $90.00 price target on shares of Camden Property Trust in a report on Tuesday, March 26th. 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, Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 price target on shares of Camden Property Trust in a report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $104.29.

Camden Property Trust Price Performance

CPT opened at $99.62 on Friday. The stock has a 50-day moving average price of $97.32 and a 200-day moving average price of $95.18. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $10.84 billion, a PE ratio of 26.92, a P/E/G ratio of 3.68 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.

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

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 4.14%. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio (DPR) is presently 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.