Krilogy Financial LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,035 shares of the real estate investment trust’s stock, valued at approximately $1,454,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPT. Lido Advisors LLC increased its holdings in shares of Camden Property Trust by 4.5% in the first quarter. Lido Advisors LLC now owns 2,904 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 124 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Camden Property Trust by 0.8% during the 1st quarter. IFM Investors Pty Ltd now owns 17,312 shares of the real estate investment trust’s stock worth $1,691,000 after buying an additional 132 shares during the last quarter. Patton Fund Management Inc. lifted its stake in shares of Camden Property Trust by 9.7% during the 1st quarter. Patton Fund Management Inc. now owns 2,318 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 205 shares during the last quarter. Summit Securities Group LLC lifted its stake in shares of Camden Property Trust by 169.6% during the 1st quarter. Summit Securities Group LLC now owns 426 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 268 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Camden Property Trust by 25.7% during the 1st quarter. Parallel Advisors LLC now owns 1,335 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 273 shares during the last quarter. 97.22% of the stock is owned by institutional investors.
Camden Property Trust Price Performance
Camden Property Trust stock opened at $98.15 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $9.87 billion, a PE ratio of 14.22, a P/E/G ratio of 7.24 and a beta of 0.79. Camden Property Trust has a 12 month low of $95.30 and a 12 month high of $119.81. The stock has a 50-day moving average price of $102.91 and a two-hundred day moving average price of $106.52.
Camden Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is 140.40%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Scotiabank reduced their price target on Camden Property Trust from $109.00 to $102.00 and set a “sector underperform” rating for the company in a research note on Thursday, September 17th. JPMorgan Chase & Co. boosted their price target on Camden Property Trust from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. UBS Group reduced their price target on Camden Property Trust from $105.00 to $101.00 and set a “neutral” rating on the stock in a research report on Wednesday. Cantor Fitzgerald raised their price objective on Camden Property Trust from $102.00 to $111.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Evercore set a $110.00 price objective on Camden Property Trust in a report on Monday, September 21st. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $112.08.
Check Out Our Latest Analysis on Camden Property Trust
About Camden Property Trust
Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides residential rental housing and related property-management services, with properties designed to serve a range of residents in major metropolitan areas.
Camden focuses primarily on high-growth markets in the Sun Belt, including communities in Texas, Florida, Georgia, North Carolina, Colorado, Arizona, Nevada, and Tennessee.
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