First Financial Bankshares Inc Has $29.66 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

First Financial Bankshares Inc reduced its stake in shares of Camden Property Trust (NYSE:CPT) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 240,108 shares of the real estate investment trust’s stock after selling 1,759 shares during the period. First Financial Bankshares Inc’s holdings in Camden Property Trust were worth $29,661,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CPT. Vanguard Group Inc. lifted its stake in Camden Property Trust by 1.7% in the 1st 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 acquiring an additional 289,425 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Camden Property Trust by 5.0% during the second 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 in the last quarter. Centersquare Investment Management LLC boosted its position in Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after purchasing an additional 898,398 shares during the last quarter. Dimensional Fund Advisors LP increased 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 purchasing an additional 54,475 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Camden Property Trust by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after purchasing an additional 7,722 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 1.7 %

Shares of CPT stock opened at $118.29 on Monday. 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 firm has a market capitalization 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 has a twelve month low of $82.81 and a twelve month high of $127.69. The stock’s fifty day simple moving average is $122.43 and its 200 day simple moving average is $112.80.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $387.15 million during the quarter, compared to analyst estimates of $384.76 million. During the same quarter last year, the company posted $1.70 earnings per share. As a group, sell-side analysts predict 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. Stockholders of record on Monday, September 30th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Analysts Set New Price Targets

CPT has been the subject of several analyst reports. Scotiabank raised 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. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $104.00 to $127.00 in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Truist Financial increased their target price on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Piper Sandler upped their price objective on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Camden Property Trust has an average rating of “Hold” and an average target price of $121.76.

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 58,250 apartment homes across the United States.