Worldquant Millennium Advisors LLC Buys 5,773 Shares of Camden Property Trust (NYSE:CPT)

Worldquant Millennium Advisors LLC boosted its holdings in Camden Property Trust (NYSE:CPT) by 22.9% during the 3rd quarter, Holdings Channel reports. The firm owned 31,005 shares of the real estate investment trust’s stock after acquiring an additional 5,773 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Camden Property Trust were worth $3,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp boosted its position in Camden Property Trust by 0.5% in the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust’s stock worth $886,693,000 after purchasing an additional 36,528 shares during the last quarter. Victory Capital Management Inc. boosted its position in Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after purchasing an additional 206,654 shares during the last quarter. FMR LLC boosted its position in Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after purchasing an additional 416,701 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Camden Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after purchasing an additional 54,475 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Camden Property Trust by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock worth $185,140,000 after purchasing an additional 51,742 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CPT. Truist Financial boosted their price objective on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Piper Sandler upped their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Evercore ISI upped their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $122.50.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $121.90 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 business’s 50 day simple moving average is $120.68 and its two-hundred day simple moving average is $116.76. The stock has a market capitalization of $13.00 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 4.45 and a beta of 0.92. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be paid a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.38%. Camden Property Trust’s dividend payout ratio (DPR) is currently 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.