Camden Property Trust (NYSE:CPT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Camden Property Trust (NYSE:CPT) by 18.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,591 shares of the real estate investment trust’s stock after selling 2,324 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Camden Property Trust were worth $1,052,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its holdings in 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 acquiring an additional 317 shares in the last quarter. MBB Public Markets I LLC lifted its holdings in shares of Camden Property Trust by 201.2% during the third quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock worth $22,228,000 after purchasing an additional 156,985 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Camden Property Trust by 13.8% during the third quarter. Bank of Nova Scotia now owns 10,519 shares of the real estate investment trust’s stock worth $995,000 after purchasing an additional 1,277 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Camden Property Trust by 8.7% during the fourth quarter. Nordea Investment Management AB now owns 61,057 shares of the real estate investment trust’s stock worth $6,084,000 after purchasing an additional 4,885 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Camden Property Trust by 205.2% during the fourth quarter. SG Americas Securities LLC now owns 27,664 shares of the real estate investment trust’s stock worth $2,747,000 after purchasing an additional 18,599 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CPT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $103.00 target price on shares of Camden Property Trust in a report on Monday, February 5th. Piper Sandler reaffirmed an “underweight” rating and set a $90.00 target price on shares of Camden Property Trust in a report on Tuesday, March 26th. The Goldman Sachs Group started coverage on Camden Property Trust in a report on Thursday, February 22nd. They set a “buy” rating and a $112.00 target price for the company. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $90.00 price target for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus target price of $104.29.

Camden Property Trust Stock Up 0.6 %

Camden Property Trust stock opened at $98.64 on Wednesday. The stock has a market capitalization of $10.74 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 3.61 and a beta of 0.83. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04. The business has a 50 day simple moving average of $97.00 and a 200-day simple moving average of $95.10. 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 posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.31. The business had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 earnings per share. On average, analysts anticipate that Camden Property Trust will post 6.72 EPS 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. Stockholders of record on Friday, March 29th were given a $1.03 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.18%. Camden Property Trust’s payout ratio is 111.35%.

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 58,634 apartment homes across the United States.