Foster & Motley Inc. Has $642,000 Stock Holdings in Camden Property Trust (NYSE:CPT)

Foster & Motley Inc. lessened its holdings in Camden Property Trust (NYSE:CPT) by 63.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,462 shares of the real estate investment trust’s stock after selling 11,071 shares during the period. Foster & Motley Inc.’s holdings in Camden Property Trust were worth $642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cooper Financial Group raised its holdings in shares of Camden Property Trust by 3.3% during the fourth quarter. Cooper Financial Group now owns 4,295 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 139 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings 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 worth $36,000 after acquiring an additional 144 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Camden Property Trust by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 46,919 shares of the real estate investment trust’s stock worth $4,438,000 after acquiring an additional 170 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in Camden Property Trust by 3.7% during the third quarter. New Mexico Educational Retirement Board now owns 5,600 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 200 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Camden Property Trust by 0.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,712 shares of the real estate investment trust’s stock valued at $2,526,000 after buying an additional 205 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Up 0.6 %

NYSE CPT opened at $98.64 on Wednesday. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $114.04. The stock’s 50 day moving average is $97.00 and its two-hundred day moving average is $95.10. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 3.68 and a beta of 0.83.

Camden Property Trust (NYSE:CPT) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $387.33 million. During the same quarter in the prior year, the business earned $1.74 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts forecast that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.18%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio is presently 111.35%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CPT shares. Mizuho cut their target price on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Morgan Stanley raised their target price on Camden Property Trust from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Royal Bank of Canada restated an “outperform” rating and set a $103.00 target price on shares of Camden Property Trust in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Camden Property Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $90.00 target price on the stock. Finally, Barclays downgraded Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $138.00 to $100.00 in a research report on Tuesday, February 20th. Four equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $104.29.

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.