Camden Property Trust (NYSE:CPT) Shares Up 4.6%

Camden Property Trust (NYSE:CPT) was up 4.6% during trading on Friday . The stock traded as high as $120.40 and last traded at $120.40. Approximately 126,860 shares traded hands during trading, a decline of 87% from the average daily volume of 979,861 shares. The stock had previously closed at $115.07.

Analyst Upgrades and Downgrades

CPT has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Wells Fargo & Company increased their price target on Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a research report on Friday, May 31st. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Scotiabank upped their price objective on shares of Camden Property Trust from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. Finally, Wedbush raised their price target on Camden Property Trust from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $107.75.

Camden Property Trust Trading Up 2.5 %

The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 4.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The business’s 50-day moving average price is $108.63 and its two-hundred day moving average price is $101.98.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th were paid a $1.03 dividend. The ex-dividend date was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.49%. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

Institutional Investors Weigh In On Camden Property Trust

Several institutional investors have recently bought and sold shares of CPT. Vanguard Group Inc. increased its holdings in Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after buying an additional 289,425 shares during the last quarter. Norges Bank bought a new position in shares of Camden Property Trust in the fourth quarter valued at approximately $376,933,000. Victory Capital Management Inc. grew its position in shares of Camden Property Trust by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 3,686,395 shares of the real estate investment trust’s stock worth $366,022,000 after buying an additional 87,337 shares during the period. Centersquare Investment Management LLC boosted its position in shares of 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 worth $228,939,000 after purchasing an additional 898,398 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Camden Property Trust by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,547,287 shares of the real estate investment trust’s stock worth $153,633,000 after buying an additional 16,389 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

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.