Toronto Dominion Bank Raises Stock Holdings in Camden Property Trust (NYSE:CPT)

Toronto Dominion Bank raised its position in shares of Camden Property Trust (NYSE:CPT) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,669 shares of the real estate investment trust’s stock after purchasing an additional 690 shares during the quarter. Toronto Dominion Bank’s holdings in Camden Property Trust were worth $6,506,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Security National Bank boosted its position in Camden Property Trust by 1.2% in the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after buying an additional 101 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 113 shares during the period. American Capital Advisory LLC raised its holdings in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the last quarter. Raymond James Trust N.A. lifted its position in Camden Property Trust by 6.1% during the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 144 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Camden Property Trust by 0.5% in the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 146 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPT. Evercore ISI boosted their price objective on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Royal Bank of Canada decreased their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Scotiabank dropped their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Truist Financial boosted their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target on the stock. One research 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 company currently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Stock Performance

NYSE CPT opened at $120.17 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 stock’s 50 day simple moving average is $120.61 and its 200-day simple moving average is $117.38. The company has a market cap of $12.82 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.43%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

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.