Camden Property Trust (NYSE:CPT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Camden Property Trust (NYSE:CPT) by 3.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,498,742 shares of the real estate investment trust’s stock after buying an additional 51,742 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Camden Property Trust were worth $185,140,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kings Path Partners LLC purchased a new position in shares of Camden Property Trust in the second quarter worth about $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the 2nd quarter worth $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust during the 2nd quarter worth $39,000. Versant Capital Management Inc grew its holdings in shares of Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 350 shares during the period. Finally, American Capital Advisory LLC grew its holdings in shares of Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $122.90 on Friday. The stock’s 50-day simple moving average is $120.92 and its 200-day simple moving average is $115.45. The firm has a market capitalization of $13.11 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. Camden Property Trust has a fifty-two week low of $87.61 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.35%. Camden Property Trust’s payout ratio is currently 130.38%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Scotiabank decreased their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group started coverage on Camden Property Trust in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price target on the stock. Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Finally, Wedbush lifted their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $122.50.

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.