Bedell Frazier Investment Counselling LLC Acquires Shares of 38,512 Camden Property Trust (NYSE:CPT)

Bedell Frazier Investment Counselling LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 38,512 shares of the real estate investment trust's stock, valued at approximately $4,757,000.

Several other institutional investors have also recently made changes to their positions in CPT. Security National Bank grew its position in shares of Camden Property Trust by 1.2% during the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust's stock valued at $902,000 after purchasing an additional 101 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust's stock worth $294,000 after acquiring an additional 113 shares during the last quarter. American Capital Advisory LLC boosted 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 purchasing an additional 128 shares during the period. Raymond James Trust N.A. raised its holdings in 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 valued at $275,000 after buying an additional 144 shares during the period. Finally, ProShare Advisors LLC lifted its position in Camden Property Trust by 0.5% in the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust's stock worth $3,420,000 after buying an additional 146 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Performance

NYSE CPT traded up $0.56 during trading hours on Monday, reaching $123.46. The stock had a trading volume of 232,352 shares, compared to its average volume of 977,920. Camden Property Trust has a 52-week low of $87.61 and a 52-week high of $127.69. 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 market cap of $13.17 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 4.48 and a beta of 0.91. The stock has a fifty day moving average of $120.92 and a 200 day moving average of $115.60.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.34%. Camden Property Trust's payout ratio is 130.38%.

Wall Street Analysts Forecast Growth

CPT has been the subject of several analyst reports. Royal Bank of Canada lowered their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating for the company in a report on Monday, November 4th. Wells Fargo & Company raised Camden Property Trust from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Piper Sandler lifted their price objective on Camden Property Trust from $110.00 to $128.00 and gave the company a "neutral" rating in a report on Monday, August 26th. BNP Paribas began coverage on shares of 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, The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a "neutral" rating and a $139.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $122.50.

Camden Property Trust Company 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.