Sei Investments Co. Has $34.79 Million Stock Position in Camden Property Trust (NYSE:CPT)

Sei Investments Co. cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 318,883 shares of the real estate investment trust’s stock after selling 11,143 shares during the period. Sei Investments Co.’s holdings in Camden Property Trust were worth $34,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CPT. Security National Bank boosted its stake in 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 acquiring an additional 101 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 109 shares during the period. ERn Financial LLC boosted its position in shares of Camden Property Trust by 2.0% in the 1st quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock worth $604,000 after purchasing an additional 118 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 119 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in Camden Property Trust by 90.4% in the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lowered Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 target price for the company. in a research report on Monday, September 9th. Scotiabank upped their target price on shares of Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. UBS Group increased their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Piper Sandler boosted 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. Finally, Evercore ISI raised their price objective 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. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.69.

Camden Property Trust Price Performance

NYSE CPT opened at $126.88 on Tuesday. The firm’s 50 day moving average is $119.70 and its 200-day moving average is $108.96. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $13.52 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 4.60 and a beta of 0.90. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $127.38.

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 the consensus estimate of $1.67 by ($1.27). The business had revenue of $387.15 million for the quarter, compared to the consensus estimate of $384.76 million. Camden Property Trust had a return on equity of 7.98% and a net margin of 25.64%. During the same period last year, the firm earned $1.70 earnings per share. Equities research analysts anticipate that Camden Property Trust will post 6.77 earnings per share for the current fiscal year.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a $1.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.25%. Camden Property Trust’s dividend payout ratio is 100.98%.

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.