Fmr LLC Grows Stake in Camden Property Trust (NYSE:CPT)

Fmr LLC raised its stake in shares of Camden Property Trust (NYSE:CPT) by 14.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,297,370 shares of the real estate investment trust’s stock after purchasing an additional 416,701 shares during the period. Fmr LLC’s holdings in Camden Property Trust were worth $407,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CPT. Security National Bank raised its holdings 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 buying an additional 101 shares during the period. Verdence Capital Advisors LLC raised 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 valued at $294,000 after acquiring an additional 113 shares during the period. American Capital Advisory LLC lifted its holdings in shares of Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Camden Property Trust by 6.1% during 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 purchasing an additional 144 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Camden Property Trust by 0.5% during the 2nd 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.

Camden Property Trust Price Performance

Shares of CPT stock opened at $125.66 on Friday. The stock’s 50-day moving average is $120.98 and its 200 day moving average is $116.01. Camden Property Trust has a 1-year low of $89.01 and a 1-year high of $127.69. 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 company has a market cap of $13.41 billion, a P/E ratio of 40.17, a PEG ratio of 4.63 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s payout ratio is currently 130.38%.

Wall Street Analysts Forecast Growth

CPT has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and boosted their price objective for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft increased their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Scotiabank lowered their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Finally, Wedbush raised their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average target price of $122.50.

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.