Camden Property Trust $CPT Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC trimmed its position in shares of Camden Property Trust (NYSE:CPT) by 40.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 14,540 shares of the real estate investment trust’s stock after selling 9,997 shares during the period. Freestone Capital Holdings LLC’s holdings in Camden Property Trust were worth $1,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CPT. Renaissance Technologies LLC acquired a new stake in shares of Camden Property Trust during the 4th quarter worth $4,885,000. Raymond James Financial Inc. acquired a new stake in shares of Camden Property Trust during the 4th quarter worth $17,616,000. Townsquare Capital LLC increased its holdings in Camden Property Trust by 20.7% in the 4th quarter. Townsquare Capital LLC now owns 2,868 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 491 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Camden Property Trust by 4.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 171,601 shares of the real estate investment trust’s stock valued at $19,905,000 after purchasing an additional 8,039 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Camden Property Trust by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,592,266 shares of the real estate investment trust’s stock valued at $184,763,000 after purchasing an additional 7,330 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Up 0.8%

Shares of Camden Property Trust stock opened at $106.82 on Monday. The business has a 50-day moving average of $112.59 and a 200-day moving average of $115.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $11.41 billion, a PE ratio of 74.70, a P/E/G ratio of 3.63 and a beta of 0.78. Camden Property Trust has a 1-year low of $102.35 and a 1-year high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. The company had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.24 million. Camden Property Trust had a return on equity of 3.30% and a net margin of 9.99%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. As a group, equities analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, June 30th. Camden Property Trust’s payout ratio is currently 293.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on CPT shares. Wall Street Zen upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Barclays lowered their price target on Camden Property Trust from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Morgan Stanley lowered their price target on Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, August 13th. UBS Group lowered their price target on Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Finally, Truist Financial set a $131.00 price target on Camden Property Trust and gave the company a “buy” rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $124.94.

Camden Property Trust 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.