First Sabrepoint Capital Management LP Raises Stock Position in Camden Property Trust (NYSE:CPT)

First Sabrepoint Capital Management LP lifted its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the real estate investment trust's stock after buying an additional 5,000 shares during the period. Camden Property Trust comprises approximately 2.9% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 11th biggest position. First Sabrepoint Capital Management LP owned approximately 0.07% of Camden Property Trust worth $9,882,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CPT. Kings Path Partners LLC bought a new position in Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. bought a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. acquired a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $39,000. American Capital Advisory LLC increased its stake 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 valued at $53,000 after acquiring an additional 128 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of Camden Property Trust during the third quarter valued at about $62,000. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPT. Deutsche Bank Aktiengesellschaft upped their price target on Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. Scotiabank dropped their price objective 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. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They set a "neutral" rating and a $139.00 target price for the company. Stifel Nicolaus cut shares of Camden Property Trust from a "buy" rating to a "hold" rating and raised their price target for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and an average target price of $122.50.

Camden Property Trust Stock Performance

CPT traded down $0.91 during midday trading on Tuesday, reaching $121.86. The company had a trading volume of 451,854 shares, compared to its average volume of 963,384. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69. The business has a 50-day moving average price of $120.66 and a two-hundred day moving average price of $116.97. The stock has a market cap of $13.00 billion, a PE ratio of 38.63, a P/E/G ratio of 4.45 and a beta of 0.92. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.38%. 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.