BNP Paribas Financial Markets Sells 78,841 Shares of Camden Property Trust (NYSE:CPT)

BNP Paribas Financial Markets reduced its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,497 shares of the real estate investment trust's stock after selling 78,841 shares during the period. BNP Paribas Financial Markets owned 0.33% of Camden Property Trust worth $43,915,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CPT. FMR LLC lifted its stake in shares of Camden Property Trust by 14.5% during the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock valued at $407,324,000 after buying an additional 416,701 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Camden Property Trust by 2.5% in the third quarter. The Manufacturers Life Insurance Company now owns 107,361 shares of the real estate investment trust's stock valued at $13,262,000 after acquiring an additional 2,590 shares in the last quarter. Bedell Frazier Investment Counselling LLC bought a new position in shares of Camden Property Trust in the third quarter worth about $4,757,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Camden Property Trust during the third quarter worth about $192,000. Finally, Daiwa Securities Group Inc. raised its stake in Camden Property Trust by 0.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 417,529 shares of the real estate investment trust's stock valued at $51,577,000 after purchasing an additional 2,579 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Trading Down 1.1 %

CPT stock traded down $1.37 during trading on Friday, hitting $125.66. The company had a trading volume of 428,801 shares, compared to its average volume of 976,479. The firm has a market capitalization of $13.41 billion, a P/E ratio of 40.17, a PEG ratio of 4.63 and a beta of 0.91. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 52-week low of $89.01 and a 52-week high of $127.69. The company has a 50 day simple moving average of $120.98 and a 200-day simple moving average of $116.01.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's dividend payout ratio is presently 130.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore ISI increased their price objective on shares of 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 cut Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. The Goldman Sachs Group began coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 target price for the company. Scotiabank decreased their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 14th. Finally, Piper Sandler lifted their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.