First Sabrepoint Capital Management LP Buys 5,000 Shares of Camden Property Trust (NYSE:CPT)

First Sabrepoint Capital Management LP raised its position in shares of Camden Property Trust (NYSE:CPT) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,000 shares of the real estate investment trust’s stock after buying an additional 5,000 shares during the quarter. Camden Property Trust comprises 2.9% of First Sabrepoint Capital Management LP’s portfolio, making the stock its 11th biggest holding. First Sabrepoint Capital Management LP owned approximately 0.07% of Camden Property Trust worth $9,882,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new stake in Camden Property Trust during the 2nd quarter valued at $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust in the 2nd quarter worth about $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust during the 2nd quarter worth about $39,000. 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 purchasing an additional 128 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in Camden Property Trust in the third quarter worth about $62,000. Institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

CPT has been the subject of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Evercore ISI upped their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. BNP Paribas initiated coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target on the stock. Finally, Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $104.00 to $127.00 in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $122.50.

Camden Property Trust Price Performance

CPT stock opened at $122.79 on Tuesday. The business’s 50-day moving average is $120.66 and its two-hundred day moving average is $116.97. 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 $13.10 billion, a P/E ratio of 38.86, a P/E/G ratio of 4.45 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.36%. Camden Property Trust’s payout ratio 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.