Xponance Inc. Sells 1,498 Shares of Camden Property Trust (NYSE:CPT)

Xponance Inc. lowered its position in Camden Property Trust (NYSE:CPT) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,284 shares of the real estate investment trust’s stock after selling 1,498 shares during the quarter. Xponance Inc.’s holdings in Camden Property Trust were worth $1,319,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Camden Property Trust by 41.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after buying an additional 1,187,974 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Camden Property Trust by 1.2% in the third quarter. Victory Capital Management Inc. now owns 3,599,058 shares of the real estate investment trust’s stock worth $340,399,000 after acquiring an additional 43,376 shares during the period. Northern Trust Corp grew its holdings in Camden Property Trust by 2.7% during the 3rd quarter. Northern Trust Corp now owns 1,320,699 shares of the real estate investment trust’s stock worth $124,912,000 after acquiring an additional 35,270 shares in the last quarter. Invesco Ltd. increased its position in Camden Property Trust by 13.2% during the 3rd quarter. Invesco Ltd. now owns 1,273,151 shares of the real estate investment trust’s stock valued at $120,415,000 after purchasing an additional 148,809 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Camden Property Trust by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 616,897 shares of the real estate investment trust’s stock valued at $58,345,000 after purchasing an additional 5,118 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $98.85 on Thursday. The business has a fifty day moving average of $97.14 and a 200 day moving average of $95.12. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 3.68 and a beta of 0.83.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.31. The firm had revenue of $387.59 million during the quarter, compared to analysts’ expectations of $387.33 million. Camden Property Trust had a return on equity of 8.07% and a net margin of 26.15%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.74 earnings per share. As a group, research analysts expect that Camden Property Trust will post 6.72 earnings per share for the current year.

Camden Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th were issued a $1.03 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Wednesday, March 27th. Camden Property Trust’s dividend payout ratio is 111.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays downgraded shares of Camden Property Trust from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $138.00 to $100.00 in a research note on Tuesday, February 20th. Piper Sandler reaffirmed an “underweight” rating and set a $90.00 target price on shares of Camden Property Trust in a research report on Tuesday, March 26th. Morgan Stanley boosted their price target on Camden Property Trust from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, Mizuho reduced their target price on shares of Camden Property Trust from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.29.

About Camden Property Trust

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 58,634 apartment homes across the United States.