Camden Property Trust (NYSE:CPT) Shares Sold by Mather Group LLC.

Mather Group LLC. lessened its stake in Camden Property Trust (NYSE:CPT) by 98.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272 shares of the real estate investment trust’s stock after selling 18,546 shares during the period. Mather Group LLC.’s holdings in Camden Property Trust were worth $34,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Security National Bank boosted its holdings in Camden Property Trust by 1.2% during the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock worth $902,000 after buying an additional 101 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Camden Property Trust by 3.8% in the first quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 109 shares during the period. ERn Financial LLC boosted its stake in shares of Camden Property Trust by 2.0% during the 1st quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 118 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Camden Property Trust by 6.1% during the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 144 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Camden Property Trust by 0.5% in the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CPT shares. Piper Sandler increased their price target on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Evercore ISI increased their target price on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. UBS Group boosted their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. 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 on the stock. in a report on Monday, September 9th. Finally, Truist Financial boosted their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average price target of $121.76.

Camden Property Trust Stock Up 0.4 %

Shares of CPT opened at $119.75 on Tuesday. The stock has a fifty day simple moving average of $122.33 and a two-hundred day simple moving average of $111.45. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $12.76 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 4.51 and a beta of 0.90. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $127.69.

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

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

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.