Oppenheimer Asset Management Inc. decreased its stake in shares of Camden Property Trust (NYSE:CPT – Free Report) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,418 shares of the real estate investment trust’s stock after selling 2,009 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Camden Property Trust were worth $2,152,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kings Path Partners LLC bought a new position in shares of Camden Property Trust during the 2nd quarter valued at $33,000. Federated Hermes Inc. purchased a new stake in Camden Property Trust during the second quarter valued at $33,000. Family Firm Inc. bought a new position in Camden Property Trust in the second quarter valued at about $39,000. Versant Capital Management Inc boosted its position in 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 worth $40,000 after purchasing an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC grew its stake in shares of Camden Property Trust by 42.7% during the 3rd 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. Hedge funds and other institutional investors own 97.22% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on CPT. JPMorgan Chase & Co. increased their price objective on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada dropped their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Truist Financial upped their price objective on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from $120.00 to $121.00 in a research report on Wednesday. Finally, Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and upped their price target for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and an average target price of $122.50.
Camden Property Trust Trading Down 0.5 %
Camden Property Trust stock opened at $119.77 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The firm’s 50 day moving average price is $121.10 and its 200-day moving average price is $114.88. Camden Property Trust has a 1 year low of $86.50 and a 1 year high of $127.69. The stock has a market cap of $12.78 billion, a P/E ratio of 37.90, a PEG ratio of 4.49 and a beta of 0.91.
Camden Property Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.44%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s payout ratio is currently 130.38%.
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 58,250 apartment homes across the United States.
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