Verition Fund Management LLC Cuts Holdings in Camden Property Trust (NYSE:CPT)

Verition Fund Management LLC decreased its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 46.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,742 shares of the real estate investment trust's stock after selling 7,505 shares during the quarter. Verition Fund Management LLC's holdings in Camden Property Trust were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CPT. Czech National Bank raised its holdings in Camden Property Trust by 8.1% in the 2nd quarter. Czech National Bank now owns 20,302 shares of the real estate investment trust's stock worth $2,215,000 after acquiring an additional 1,518 shares during the last quarter. Cooper Financial Group raised its stake in shares of Camden Property Trust by 9.2% in the second quarter. Cooper Financial Group now owns 5,616 shares of the real estate investment trust's stock worth $613,000 after purchasing an additional 473 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Camden Property Trust by 11.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,105 shares of the real estate investment trust's stock valued at $1,103,000 after purchasing an additional 1,018 shares in the last quarter. Country Club Bank boosted its position in shares of Camden Property Trust by 45.5% during the second quarter. Country Club Bank now owns 26,643 shares of the real estate investment trust's stock valued at $2,924,000 after buying an additional 8,334 shares during the last quarter. Finally, Vanderbilt University bought a new stake in Camden Property Trust in the 2nd quarter worth about $575,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

CPT stock traded up $0.89 during trading on Monday, reaching $122.79. The company's stock had a trading volume of 643,183 shares, compared to its average volume of 965,891. The company's fifty day moving average is $120.66 and its 200-day moving average is $116.97. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The company has a market capitalization of $13.10 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 4.45 and a beta of 0.92. 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 Announces Dividend

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 paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.36%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust's dividend payout ratio (DPR) is presently 130.38%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CPT. Truist Financial raised their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a "buy" rating in a report on Monday, August 26th. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a "hold" rating and a $123.00 target price on the stock. StockNews.com lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Friday, November 1st. Piper Sandler increased their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Camden Property Trust from $112.00 to $129.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. One 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's stock. According to MarketBeat, the stock has an average 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.