Harvest Portfolios Group Inc. Purchases 9,123 Shares of Camden Property Trust (NYSE:CPT)

Harvest Portfolios Group Inc. grew its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 242.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,880 shares of the real estate investment trust's stock after purchasing an additional 9,123 shares during the period. Harvest Portfolios Group Inc.'s holdings in Camden Property Trust were worth $1,591,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kings Path Partners LLC acquired a new position in Camden Property Trust in the 2nd quarter valued at $33,000. Federated Hermes Inc. purchased a new position in Camden Property Trust in the 2nd quarter valued at about $33,000. Family Firm Inc. purchased a new position in Camden Property Trust in the 2nd quarter valued at about $39,000. Versant Capital Management Inc raised its stake in shares of Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 350 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of Camden Property Trust in the 3rd quarter valued at about $62,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CPT. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. StockNews.com cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. Evercore ISI increased their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an "in-line" rating in a report on Monday, September 16th. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They set a "neutral" rating and a $139.00 target price for the company. Finally, Scotiabank raised their price objective on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a "sector perform" rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $122.03.

Camden Property Trust Stock Performance

NYSE CPT traded up $0.80 on Thursday, hitting $118.24. 215,960 shares of the stock were exchanged, compared to its average volume of 989,348. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.37. The business's fifty day moving average is $121.63 and its 200 day moving average is $113.81. Camden Property Trust has a 52 week low of $85.30 and a 52 week high of $127.69. The company has a market capitalization of $12.61 billion, a PE ratio of 37.55, a P/E/G ratio of 4.33 and a beta of 0.91.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's dividend payout ratio is presently 130.38%.

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.