Caisse DE Depot ET Placement DU Quebec Purchases Shares of 10,240 Camden Property Trust (NYSE:CPT)

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,240 shares of the real estate investment trust's stock, valued at approximately $1,265,000.

A number of other hedge funds also recently bought and sold shares of CPT. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust during the second quarter valued at approximately $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust during the second quarter valued at approximately $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust during the second quarter valued at approximately $39,000. American Capital Advisory LLC raised its holdings in shares of Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 128 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of Camden Property Trust during the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CPT shares. Bank of America raised Camden Property Trust from an "underperform" rating to a "buy" rating and increased their price target for the company from $111.00 to $147.00 in a report on Monday, August 12th. StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. The Goldman Sachs Group started coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 price target for the company. BNP Paribas started coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on Camden Property Trust from $112.00 to $129.00 and gave the company a "neutral" rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus price target of $122.50.

Camden Property Trust Trading Down 0.4 %

Shares of CPT traded down $0.49 during midday trading on Wednesday, hitting $122.12. 505,050 shares of the stock were exchanged, compared to its average volume of 971,014. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The stock has a fifty day simple moving average of $120.85 and a 200 day simple moving average of $116.50. The firm has a market cap of $13.03 billion, a P/E ratio of 38.70, a P/E/G ratio of 4.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.37%. Camden Property Trust's dividend payout ratio (DPR) is presently 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.