Price T Rowe Associates Inc. MD Buys 7,722 Shares of Camden Property Trust (NYSE:CPT)

Price T Rowe Associates Inc. MD boosted its stake in shares of Camden Property Trust (NYSE:CPT) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,472,881 shares of the real estate investment trust’s stock after acquiring an additional 7,722 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.38% of Camden Property Trust worth $144,933,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CPT. Lindbrook Capital LLC boosted its stake in shares of Camden Property Trust by 90.4% in the 1st 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. Tobam grew its holdings in Camden Property Trust by 4,166.7% during the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 375 shares during the period. EverSource Wealth Advisors LLC grew its holdings in 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 valued at $63,000 after purchasing an additional 119 shares during the period. Quarry LP grew its holdings in Camden Property Trust by 1,081.5% during the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 584 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Camden Property Trust by 99.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 377 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of CPT stock traded up $0.62 on Monday, hitting $113.63. The company’s stock had a trading volume of 188,680 shares, compared to its average volume of 967,331. Camden Property Trust has a fifty-two week low of $82.81 and a fifty-two week high of $115.66. The stock’s 50 day moving average is $108.03 and its 200-day moving average is $101.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $12.11 billion, a PE ratio of 27.63, a PEG ratio of 4.42 and a beta of 0.88.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a dividend of $1.03 per share. The ex-dividend date was Friday, June 28th. This represents a $4.12 annualized dividend and a yield of 3.63%. Camden Property Trust’s dividend payout ratio is 100.98%.

Analyst Ratings Changes

CPT has been the topic of a number of research reports. Scotiabank lifted their price target on shares of Camden Property Trust from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Mizuho cut their price target on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Truist Financial lifted their price target on shares of Camden Property Trust from $114.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Wedbush lifted their price target on shares of Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, UBS Group boosted their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and an average price target of $107.75.

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 58,634 apartment homes across the United States.