Kovitz Investment Group Partners LLC Buys Shares of 21,659 Camden Property Trust (NYSE:CPT)

Kovitz Investment Group Partners LLC bought a new position in Camden Property Trust (NYSE:CPT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,659 shares of the real estate investment trust's stock, valued at approximately $2,676,000.

Several other hedge funds and other institutional investors have also modified their holdings of CPT. Security National Bank raised its stake in Camden Property Trust by 1.2% during the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust's stock worth $902,000 after acquiring an additional 101 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of 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 worth $294,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC increased its position 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 purchasing an additional 128 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in 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 valued at $275,000 after purchasing an additional 144 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in 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 valued at $3,420,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CPT shares. JPMorgan Chase & Co. raised their price objective on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Bank of America upgraded Camden Property Trust from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Truist Financial boosted their price objective on Camden Property Trust from $122.00 to $133.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Wells Fargo & Company upgraded Camden Property Trust from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $104.00 to $127.00 in a research note on Monday, August 26th. Finally, StockNews.com downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $122.50.

Camden Property Trust Trading Down 0.6 %

Shares of NYSE:CPT traded down $0.77 during midday trading on Tuesday, hitting $122.00. The company had a trading volume of 668,426 shares, compared to its average volume of 964,640. 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 12 month low of $90.50 and a 12 month high of $127.69. The firm has a fifty day simple moving average of $120.66 and a 200 day simple moving average of $116.97. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 4.45 and a beta of 0.92.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust's dividend payout ratio (DPR) is currently 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.