Janus Henderson Group PLC Sells 11,907 Shares of Camden Property Trust (NYSE:CPT)

Janus Henderson Group PLC trimmed its stake in Camden Property Trust (NYSE:CPT - Free Report) by 42.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,327 shares of the real estate investment trust's stock after selling 11,907 shares during the quarter. Janus Henderson Group PLC's holdings in Camden Property Trust were worth $2,017,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CPT. QRG Capital Management Inc. bought a new stake in shares of Camden Property Trust during the third quarter valued at approximately $1,660,000. Stoneridge Investment Partners LLC bought a new stake in shares of Camden Property Trust in the 3rd quarter worth $2,913,000. Highland Capital Management LLC purchased a new position in shares of Camden Property Trust in the third quarter worth $826,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Camden Property Trust by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust's stock valued at $185,140,000 after purchasing an additional 51,742 shares in the last quarter. Finally, Harvest Portfolios Group Inc. boosted its position in shares of Camden Property Trust by 242.8% during the third quarter. Harvest Portfolios Group Inc. now owns 12,880 shares of the real estate investment trust's stock valued at $1,591,000 after buying an additional 9,123 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CPT shares. Deutsche Bank Aktiengesellschaft boosted their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. 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 research report on Monday, August 26th. Royal Bank of Canada lowered their price target on Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating on the stock in a report on Monday, November 4th. Finally, BNP Paribas began coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust currently has an average rating of "Hold" and a consensus price target of $122.50.

Camden Property Trust Price Performance

Shares of CPT traded down $0.75 during trading hours on Friday, reaching $120.20. 611,471 shares of the stock traded hands, compared to its average volume of 963,176. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.82 billion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. The company's 50-day moving average price is $120.61 and its two-hundred day moving average price is $117.27.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust's dividend payout ratio is currently 130.38%.

About Camden Property Trust

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.