Bank of Montreal Can Trims Stake in Camden Property Trust (NYSE:CPT)

Bank of Montreal Can lessened its holdings in Camden Property Trust (NYSE:CPT) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,440 shares of the real estate investment trust’s stock after selling 1,865 shares during the period. Bank of Montreal Can owned 0.09% of Camden Property Trust worth $11,423,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. National Pension Service purchased a new stake in shares of Camden Property Trust in the 4th quarter valued at about $26,000. UMB Bank n.a. increased its position in shares of Camden Property Trust by 76.6% in the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 98 shares during the last quarter. Quent Capital LLC increased its position in shares of Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the last quarter. IAG Wealth Partners LLC purchased a new stake in Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

CPT stock opened at $107.85 on Friday. The firm has a 50-day moving average of $118.72 and a 200 day moving average of $118.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The company has a market cap of $11.73 billion, a P/E ratio of 71.90, a PEG ratio of 4.41 and a beta of 0.79. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.89%. Camden Property Trust’s dividend payout ratio is currently 280.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Camden Property Trust from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday. Truist Financial lifted their price target on Camden Property Trust from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Evercore ISI increased their price objective on Camden Property Trust from $118.00 to $127.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Stifel Nicolaus boosted their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Finally, Scotiabank increased their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $127.61.

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.