Foster & Motley Inc. Sells 11,071 Shares of Camden Property Trust (NYSE:CPT)

Foster & Motley Inc. cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 63.1% during the fourth 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 quarter. Foster & Motley Inc.’s holdings in Camden Property Trust were worth $642,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Camden Property Trust by 26.0% during the third quarter. CWM LLC now owns 2,227 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 459 shares in the last quarter. DnB Asset Management AS boosted its position in Camden Property Trust by 13.4% during the 3rd quarter. DnB Asset Management AS now owns 14,883 shares of the real estate investment trust’s stock valued at $1,408,000 after acquiring an additional 1,758 shares in the last quarter. Riverview Trust Co bought a new stake in Camden Property Trust during the 3rd quarter valued at $74,000. Boston Trust Walden Corp bought a new stake in Camden Property Trust during the 3rd quarter valued at $17,992,000. Finally, NovaPoint Capital LLC boosted its position in Camden Property Trust by 13.6% during the 3rd quarter. NovaPoint Capital LLC now owns 7,273 shares of the real estate investment trust’s stock valued at $688,000 after acquiring an additional 872 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

NYSE:CPT opened at $98.64 on Wednesday. The company has a fifty day simple moving average of $97.00 and a two-hundred day simple moving average of $95.10. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 3.68 and a beta of 0.83. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Camden Property Trust has a 52 week low of $82.81 and a 52 week high of $114.04.

Camden Property Trust (NYSE:CPT) last posted its quarterly 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. The business had revenue of $387.59 million during the quarter, compared to the consensus estimate of $387.33 million. Camden Property Trust had a net margin of 26.15% and a return on equity of 8.07%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 earnings per share. As a group, equities analysts anticipate that Camden Property Trust will post 6.72 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

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

Analyst Ratings Changes

CPT has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $103.00 price objective on shares of Camden Property Trust in a research note on Monday, February 5th. Mizuho dropped their target price on Camden Property Trust from $103.00 to $99.00 and set a “buy” rating on the stock in a research 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 research report on Monday, February 26th. Truist Financial raised their target price on Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Barclays cut Camden Property Trust from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $138.00 to $100.00 in a report on Tuesday, February 20th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.29.

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 58,634 apartment homes across the United States.