Envestnet Asset Management Inc. Has $24.28 Million Stock Position in Camden Property Trust (NYSE:CPT)

Envestnet Asset Management Inc. raised its holdings in Camden Property Trust (NYSE:CPT) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 222,545 shares of the real estate investment trust’s stock after buying an additional 24,591 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of Camden Property Trust worth $24,282,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CPT. Centersquare Investment Management LLC lifted its stake in Camden Property Trust by 2,517.6% in the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock valued at $138,841,000 after buying an additional 1,344,923 shares during the period. Vanguard Group Inc. lifted its stake in Camden Property Trust by 1.7% in the first 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 period. Price T Rowe Associates Inc. MD lifted its stake in Camden Property Trust by 23.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,465,159 shares of the real estate investment trust’s stock valued at $145,478,000 after buying an additional 277,634 shares during the period. American Century Companies Inc. lifted its stake in Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after buying an additional 217,076 shares during the period. Finally, First Financial Bankshares Inc acquired a new position in Camden Property Trust in the fourth quarter valued at approximately $21,041,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 1.1 %

CPT stock opened at $125.21 on Monday. The stock’s fifty day simple moving average is $119.35 and its two-hundred day simple moving average is $108.76. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $82.81 and a 1-year high of $127.38. The stock has a market cap of $13.34 billion, a P/E ratio of 30.69, a P/E/G ratio of 4.60 and a beta of 0.90.

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

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a dividend of $1.03 per share. The ex-dividend date is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.29%. Camden Property Trust’s dividend payout ratio is presently 100.98%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CPT. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. Wedbush boosted their price objective on Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Mizuho decreased their price objective on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, May 30th. BNP Paribas began coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective for the company. Finally, Evercore ISI boosted 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. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average price target of $121.69.

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.