JPMorgan Chase & Co. Sells 276,361 Shares of Camden Property Trust (NYSE:CPT)

JPMorgan Chase & Co. reduced its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,762,175 shares of the real estate investment trust's stock after selling 276,361 shares during the period. JPMorgan Chase & Co. owned 1.65% of Camden Property Trust worth $217,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPT. Principal Financial Group Inc. raised its position in shares of Camden Property Trust by 10.5% during the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after acquiring an additional 51,097 shares during the last quarter. SMART Wealth LLC acquired a new stake in Camden Property Trust during the 3rd quarter valued at approximately $829,000. Franklin Resources Inc. raised its holdings in Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock worth $23,174,000 after purchasing an additional 5,985 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Camden Property Trust by 22.2% in the 3rd quarter. Tidal Investments LLC now owns 70,285 shares of the real estate investment trust's stock worth $8,682,000 after purchasing an additional 12,774 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at $180,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BNP Paribas initiated coverage on shares of 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. Jefferies Financial Group assumed coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a "hold" rating and a $123.00 price objective for the company. Stifel Nicolaus downgraded Camden Property Trust from a "buy" rating to a "hold" rating and boosted their price objective for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. cut Camden Property Trust from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $125.81.

Camden Property Trust Stock Up 1.1 %

NYSE CPT traded up $1.27 during trading hours on Tuesday, hitting $116.04. The company's stock had a trading volume of 502,574 shares, compared to its average volume of 948,223. 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's 50-day simple moving average is $119.70 and its two-hundred day simple moving average is $118.34. The company has a market capitalization of $12.38 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69.

Camden Property Trust Announces Dividend

The business 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. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a dividend yield of 3.55%. Camden Property Trust's payout ratio is 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.