American Capital Advisory LLC Grows Stock Position in Camden Property Trust (NYSE:CPT)

American Capital Advisory LLC increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 42.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428 shares of the real estate investment trust’s stock after buying an additional 128 shares during the quarter. American Capital Advisory LLC’s holdings in Camden Property Trust were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CPT. Security National Bank grew its stake in Camden Property Trust by 1.2% during the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after purchasing an additional 101 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 109 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Camden Property Trust by 6.1% in the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 144 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Camden Property Trust by 0.5% in the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock worth $3,420,000 after acquiring an additional 146 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Camden Property Trust by 5.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,000 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 155 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of NYSE CPT traded down $0.46 during mid-day trading on Wednesday, reaching $117.54. The company had a trading volume of 268,636 shares, compared to its average volume of 987,006. The company has a current ratio of 0.15, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The stock has a market cap of $12.53 billion, a PE ratio of 37.51, a P/E/G ratio of 4.25 and a beta of 0.91. The company has a 50-day moving average price of $121.77 and a two-hundred day moving average price of $113.79. Camden Property Trust has a 1-year low of $85.30 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s payout ratio is 130.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CPT. UBS Group raised their price target on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Truist Financial raised their price target on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. BNP Paribas started coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Scotiabank lifted their target price on Camden Property Trust from $125.00 to $132.00 and gave the company a “sector perform” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.03.

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.