Camden Property Trust (NYSE:CPT) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. decreased its holdings in Camden Property Trust (NYSE:CPT) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,025 shares of the real estate investment trust’s stock after selling 4,280 shares during the period. Camden Property Trust comprises approximately 2.0% of CORDA Investment Management LLC.’s portfolio, making the stock its 28th largest position. CORDA Investment Management LLC. owned 0.19% of Camden Property Trust worth $25,574,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CPT. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust during the second quarter worth $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust during the second quarter worth $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust during the second quarter worth $39,000. Versant Capital Management Inc grew its stake in shares of Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 350 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Camden Property Trust by 367.8% during the third quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 732 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $114.00 on Monday. The company has a 50-day simple moving average of $122.03 and a 200-day simple moving average of $113.49. Camden Property Trust has a one year low of $85.30 and a one year high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 4.34 and a beta of 0.91.

Camden Property Trust (NYSE:CPT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.27). Camden Property Trust had a net margin of 22.32% and a return on equity of 6.91%. The business had revenue of $387.15 million during the quarter, compared to analysts’ expectations of $384.76 million. During the same period in the previous year, the company posted $1.70 earnings per share. On average, analysts predict that Camden Property Trust will post 6.78 EPS for the current year.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a $1.03 dividend. 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 3.61%. Camden Property Trust’s payout ratio is currently 130.38%.

Analyst Upgrades and Downgrades

CPT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. Royal Bank of Canada downgraded shares of Camden Property Trust from an “outperform” rating to a “sector perform” rating and set a $122.00 target price for the company. in a research note on Monday, September 9th. Evercore ISI boosted their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, BNP Paribas started coverage on shares of Camden Property Trust in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target for the company. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company 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.