Camden Property Trust (NYSE:CPT) Position Increased by Fmr LLC

FMR LLC boosted its position in Camden Property Trust (NYSE:CPT - Free Report) by 14.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,297,370 shares of the real estate investment trust's stock after acquiring an additional 416,701 shares during the quarter. FMR LLC owned 3.09% of Camden Property Trust worth $407,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CPT. Duquesne Family Office LLC purchased a new position in Camden Property Trust in the second quarter valued at about $63,056,000. Jennison Associates LLC acquired a new position in Camden Property Trust during the 3rd quarter worth approximately $47,140,000. Robeco Institutional Asset Management B.V. lifted its position in Camden Property Trust by 4,254.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust's stock worth $42,224,000 after acquiring an additional 333,961 shares in the last quarter. American Century Companies Inc. boosted its holdings in Camden Property Trust by 690.1% in the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust's stock worth $27,117,000 after acquiring an additional 217,076 shares during the period. Finally, Empyrean Capital Partners LP acquired a new stake in Camden Property Trust in the second quarter valued at approximately $22,913,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CPT. Scotiabank decreased their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. Jefferies Financial Group assumed coverage on Camden Property Trust in a research note on Friday, October 11th. They set a "hold" rating and a $123.00 target price for the company. Evercore ISI boosted their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. The Goldman Sachs Group started coverage on Camden Property Trust in a research note on Wednesday, September 4th. They set a "neutral" rating and a $139.00 price objective for the company. Finally, BNP Paribas began coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a "neutral" rating and a $129.00 target price for the company. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $122.50.

Camden Property Trust Stock Performance

CPT traded down $1.23 during trading hours on Friday, hitting $125.80. The company's stock had a trading volume of 428,802 shares, compared to its average volume of 976,479. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a fifty-two week low of $89.01 and a fifty-two week high of $127.69. The company has a 50-day simple moving average of $120.99 and a 200 day simple moving average of $116.14. The firm has a market capitalization of $13.42 billion, a PE ratio of 39.77, a PEG ratio of 4.63 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis 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.