Camden Property Trust (NYSE:CPT) Stock Position Raised by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC grew its position in shares of Camden Property Trust (NYSE:CPT) by 30.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,644 shares of the real estate investment trust’s stock after buying an additional 5,315 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in Camden Property Trust were worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CPT. Vanguard Group Inc. lifted its stake in Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after acquiring an additional 289,425 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after purchasing an additional 206,654 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Camden Property Trust by 64.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after purchasing an additional 898,398 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Camden Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after purchasing an additional 54,475 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after purchasing an additional 7,722 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 1.1 %

Shares of CPT opened at $126.67 on Friday. The stock’s 50-day moving average price is $119.02 and its 200 day moving average price is $108.41. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.38. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 4.60 and a beta of 0.90.

Camden Property Trust (NYSE:CPT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). The firm had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same quarter in the prior year, the firm posted $1.70 earnings per share. As a group, research analysts predict that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.25%. The ex-dividend date is Monday, September 30th. Camden Property Trust’s dividend payout ratio is currently 100.98%.

Analyst Ratings Changes

CPT has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. BNP Paribas assumed coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target on the stock. Mizuho dropped their price target on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Finally, Royal Bank of Canada downgraded shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 price objective for the company. in a report on Monday, September 9th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.69.

About Camden Property Trust

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.