Camden Property Trust (NYSE:CPT) Shares Sold by Holocene Advisors LP

Holocene Advisors LP trimmed its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 14.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,376 shares of the real estate investment trust's stock after selling 5,625 shares during the period. Holocene Advisors LP's holdings in Camden Property Trust were worth $4,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Security National Bank grew its stake in Camden Property Trust by 1.2% in the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust's stock valued at $902,000 after buying an additional 101 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Camden Property Trust by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust's stock valued at $294,000 after buying an additional 113 shares in the last quarter. American Capital Advisory LLC lifted its holdings in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 128 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Camden Property Trust by 6.1% during the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust's stock worth $275,000 after acquiring an additional 144 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Camden Property Trust by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust's stock worth $3,420,000 after acquiring an additional 146 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of NYSE CPT traded down $0.67 during midday trading on Thursday, reaching $121.47. The stock had a trading volume of 562,814 shares, compared to its average volume of 969,277. The stock has a 50-day moving average of $120.77 and a 200-day moving average of $116.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 4.47 and a beta of 0.92. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.39%. Camden Property Trust's payout ratio is 130.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Scotiabank dropped their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. BNP Paribas initiated coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 price target for the company. Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 price objective on the stock. Finally, Evercore ISI boosted 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 research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.