Boston Trust Walden Corp Purchases 3,360 Shares of Camden Property Trust (NYSE:CPT)

Boston Trust Walden Corp raised its position in Camden Property Trust (NYSE:CPT) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,432 shares of the real estate investment trust’s stock after purchasing an additional 3,360 shares during the quarter. Boston Trust Walden Corp owned 0.27% of Camden Property Trust worth $35,012,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CPT. Vanguard Group Inc. raised its position in Camden Property Trust by 1.7% in the 1st 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 buying an additional 289,425 shares during the last quarter. Victory Capital Management Inc. grew its stake 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 worth $470,704,000 after acquiring an additional 206,654 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Camden Property Trust by 64.2% in the first 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 lifted its position in shares of 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 lifted its position in shares of 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. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CPT shares. UBS Group lifted their price target on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and upped their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. JPMorgan Chase & Co. increased their price target on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $121.76.

Camden Property Trust Stock Down 1.7 %

Shares of CPT opened at $118.29 on Friday. The firm has a market cap of $12.60 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 4.51 and a beta of 0.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $127.69. The firm’s 50-day simple moving average is $122.43 and its 200 day simple moving average is $112.71.

Camden Property Trust (NYSE:CPT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.27). The firm had revenue of $387.15 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.70 EPS. On average, analysts forecast that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.48%. Camden Property Trust’s payout ratio is presently 100.98%.

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 58,250 apartment homes across the United States.