Camden Property Trust (NYSE:CPT) Shares Sold by Raymond James Trust N.A.

Posted by on Apr 27th, 2023

Raymond James Trust N.A. lowered its stake in Camden Property Trust (NYSE:CPT – Get Rating) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,043 shares of the real estate investment trust’s stock after selling 462 shares during the quarter. Raymond James Trust N.A.’s holdings in Camden Property Trust were worth $229,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in Camden Property Trust by 179.1% in the third quarter. Parkside Financial Bank & Trust now owns 254 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 163 shares during the last quarter. Phocas Financial Corp. acquired a new position in Camden Property Trust in the fourth quarter valued at about $39,000. Signaturefd LLC lifted its position in Camden Property Trust by 25.5% in the fourth quarter. Signaturefd LLC now owns 571 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 116 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new position in Camden Property Trust in the third quarter valued at about $110,000. Finally, Tobam lifted its position in Camden Property Trust by 61.6% in the fourth quarter. Tobam now owns 916 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 349 shares during the last quarter. Institutional investors and hedge funds own 93.25% of the company’s stock.

Camden Property Trust Stock Down 0.8 %

Shares of NYSE:CPT opened at $104.03 on Thursday. The firm’s 50 day moving average price is $107.93 and its 200 day moving average price is $112.95. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 3.15 and a beta of 0.79. Camden Property Trust has a fifty-two week low of $97.74 and a fifty-two week high of $165.20. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.73.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $4.00 dividend on an annualized basis and a yield of 3.85%. This is a boost from Camden Property Trust’s previous quarterly dividend of $0.94. Camden Property Trust’s dividend payout ratio (DPR) is presently 66.78%.

Wall Street Analysts Forecast Growth

CPT has been the topic of several research reports. Royal Bank of Canada reduced their price target on shares of Camden Property Trust from $135.00 to $134.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 8th. StockNews.com initiated coverage on shares of Camden Property Trust in a research report on Thursday, March 16th. They set a “sell” rating on the stock. Mizuho increased their price target on shares of Camden Property Trust from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Citigroup increased their price target on shares of Camden Property Trust from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Finally, Piper Sandler reduced their price target on shares of Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $135.00.

Camden Property Trust Profile

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Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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