Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Camden Property Trust (NYSE:CPT)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 60.4% during the third quarter, HoldingsChannel.com reports. The firm owned 188,300 shares of the real estate investment trust’s stock after purchasing an additional 70,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Camden Property Trust were worth $23,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPT. Kings Path Partners LLC acquired a new stake in Camden Property Trust in the 2nd quarter valued at about $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $39,000. Versant Capital Management Inc lifted its stake in Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares in the last quarter. Finally, American Capital Advisory LLC grew its holdings in 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 buying an additional 128 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPT has been the topic of several recent research reports. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Truist Financial lifted their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. BNP Paribas assumed coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price for the company. Finally, Royal Bank of Canada reduced their price target on 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. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Trading Up 1.0 %

NYSE:CPT opened at $127.03 on Friday. Camden Property Trust has a 12 month low of $87.61 and a 12 month high of $127.69. The business’s 50-day moving average is $120.97 and its two-hundred day moving average is $115.93. 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 has a market capitalization of $13.55 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.52 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 issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Camden Property Trust Company 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.