Allspring Global Investments Holdings LLC Cuts Stock Position in Camden Property Trust (NYSE:CPT)

Allspring Global Investments Holdings LLC decreased its position in shares of Camden Property Trust (NYSE:CPT) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,207 shares of the real estate investment trust’s stock after selling 931 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Camden Property Trust were worth $2,002,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CPT. Security National Bank grew its holdings in shares of Camden Property Trust by 1.2% in the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after purchasing an additional 101 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Camden Property Trust by 3.8% during the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 109 shares during the period. Raymond James Trust N.A. grew its position in shares of Camden Property Trust by 6.1% during the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 144 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Camden Property Trust by 0.5% during the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock worth $3,420,000 after buying an additional 146 shares during the period. Finally, ERn Financial LLC raised its holdings in Camden Property Trust by 2.6% in the second quarter. ERn Financial LLC now owns 6,298 shares of the real estate investment trust’s stock valued at $687,000 after acquiring an additional 162 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

CPT stock opened at $117.37 on Thursday. Camden Property Trust has a 12-month low of $82.89 and a 12-month high of $127.69. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 4.51 and a beta of 0.90. The firm has a 50 day moving average of $122.37 and a 200-day moving average of $113.07. 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 (NYSE:CPT) last posted its earnings results 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). The firm had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. Camden Property Trust had a net margin of 25.64% and a return on equity of 7.98%. During the same period last year, the company posted $1.70 EPS. As a group, equities analysts expect that Camden Property Trust will post 6.77 EPS for the current fiscal year.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.51%. Camden Property Trust’s payout ratio is 100.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a report on Monday, September 16th. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. Evercore ISI boosted their target price on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Truist Financial increased their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, UBS Group upped their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.