Edgestream Partners L.P. Sells 22,768 Shares of Camden Property Trust (NYSE:CPT)

Edgestream Partners L.P. trimmed its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 62.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,849 shares of the real estate investment trust's stock after selling 22,768 shares during the period. Edgestream Partners L.P.'s holdings in Camden Property Trust were worth $1,711,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CPT. GAMMA Investing LLC boosted its position in Camden Property Trust by 30.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,255 shares of the real estate investment trust's stock valued at $246,000 after buying an additional 525 shares during the last quarter. DNB Asset Management AS increased its stake in shares of Camden Property Trust by 16.1% during the second quarter. DNB Asset Management AS now owns 17,382 shares of the real estate investment trust's stock valued at $1,897,000 after acquiring an additional 2,413 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of Camden Property Trust by 45.3% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 44,646 shares of the real estate investment trust's stock valued at $4,871,000 after acquiring an additional 13,912 shares during the period. Czech National Bank boosted its holdings in Camden Property Trust by 8.1% during the second quarter. Czech National Bank now owns 20,302 shares of the real estate investment trust's stock worth $2,215,000 after buying an additional 1,518 shares in the last quarter. Finally, Aurora Investment Managers LLC. boosted its holdings in Camden Property Trust by 6.7% during the second quarter. Aurora Investment Managers LLC. now owns 28,995 shares of the real estate investment trust's stock worth $3,164,000 after buying an additional 1,812 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 0.4 %

Shares of CPT stock traded down $0.49 during mid-day trading on Wednesday, reaching $122.12. 505,050 shares of the stock traded hands, compared to its average volume of 971,014. The stock's fifty day simple moving average is $120.85 and its two-hundred day simple moving average is $116.50. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 4.52 and a beta of 0.92. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.37%. Camden Property Trust's dividend payout ratio (DPR) is currently 130.38%.

Analysts Set New Price Targets

A number of research firms recently commented on CPT. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a "hold" rating and a $123.00 price objective for the company. BNP Paribas initiated coverage on shares of Camden Property Trust in a report on Wednesday, September 11th. They set a "neutral" rating and a $129.00 price target on the stock. Truist Financial lifted their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Piper Sandler lifted their target price on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. Finally, Bank of America upgraded shares of Camden Property Trust from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.