Healthcare of Ontario Pension Plan Trust Fund Acquires 70,900 Shares of Camden Property Trust (NYSE:CPT)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in Camden Property Trust (NYSE:CPT - Free Report) by 60.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,300 shares of the real estate investment trust's stock after acquiring an additional 70,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.18% of Camden Property Trust worth $23,261,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CPT. Kings Path Partners LLC acquired a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust during the second quarter worth $33,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust in the second quarter valued at about $39,000. Versant Capital Management Inc grew its stake in shares of Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 350 shares in the last quarter. Finally, American Capital Advisory LLC grew its stake in shares of Camden Property Trust by 42.7% in 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 in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. Bank of America raised Camden Property Trust from an "underperform" rating to a "buy" rating and increased their price target for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Stifel Nicolaus cut Camden Property Trust from a "buy" rating to a "hold" rating and lifted their price objective for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Wedbush increased their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group assumed coverage on Camden Property Trust in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 price target for the company. 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 stock. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of "Hold" and a consensus target price of $122.50.

Camden Property Trust Price Performance

Shares of CPT traded down $1.37 during trading hours on Friday, reaching $125.66. The stock had a trading volume of 428,801 shares, compared to its average volume of 976,479. 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 has a 12 month low of $89.01 and a 12 month high of $127.69. The stock has a market capitalization of $13.41 billion, a PE ratio of 40.17, a PEG ratio of 4.63 and a beta of 0.91. The company's 50-day moving average is $120.98 and its two-hundred day moving average is $116.01.

Camden Property Trust Announces Dividend

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

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.