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

Boston Trust Walden Corp lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 283,432 shares of the real estate investment trust’s stock after buying an additional 3,360 shares during the period. Boston Trust Walden Corp’s holdings in Camden Property Trust were worth $35,012,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Camden Property Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after purchasing an additional 289,425 shares during the period. Victory Capital Management Inc. lifted its holdings 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 during the period. Centersquare Investment Management LLC lifted its holdings in shares of Camden Property Trust by 64.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after acquiring an additional 898,398 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Camden Property Trust by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after acquiring an additional 54,475 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in 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 valued at $144,933,000 after acquiring an additional 7,722 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 1.7 %

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

Camden Property Trust (NYSE:CPT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. The firm had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. During the same period last year, the company posted $1.70 EPS. Equities analysts expect that Camden Property Trust will post 6.77 earnings per share for the current year.

Camden Property Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wedbush upped their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Truist Financial lifted their target price on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Finally, Piper Sandler lifted their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $121.76.

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.