Geode Capital Management LLC Purchases 20,097 Shares of Camden Property Trust (NYSE:CPT)

Geode Capital Management LLC lifted its position in shares of Camden Property Trust (NYSE:CPT) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,739,831 shares of the real estate investment trust’s stock after acquiring an additional 20,097 shares during the period. Geode Capital Management LLC’s holdings in Camden Property Trust were worth $337,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CPT. QRG Capital Management Inc. bought a new stake in shares of Camden Property Trust in the 3rd quarter worth $1,660,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Camden Property Trust during the third quarter valued at $2,913,000. Highland Capital Management LLC purchased a new stake in shares of Camden Property Trust during the third quarter valued at $826,000. Charles Schwab Investment Management Inc. increased its holdings in Camden Property Trust by 3.6% in the 3rd 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 buying an additional 51,742 shares in the last quarter. Finally, Harvest Portfolios Group Inc. raised its position in Camden Property Trust by 242.8% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 12,880 shares of the real estate investment trust’s stock worth $1,591,000 after buying an additional 9,123 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 0.6 %

Shares of CPT stock opened at $120.20 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a fifty day simple moving average of $120.61 and a two-hundred day simple moving average of $117.27. The firm has a market capitalization of $12.82 billion, a PE ratio of 38.04, a PEG ratio of 4.40 and a beta of 0.92. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analyst Ratings Changes

CPT has been the subject of a number of research analyst reports. 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 research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Evercore ISI increased their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada lowered their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. One investment 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, Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $122.50.

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.