Camden Property Trust (NYSE:CPT) Stake Increased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 4,019.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 145,029 shares of the real estate investment trust's stock after buying an additional 141,508 shares during the period. Los Angeles Capital Management LLC owned approximately 0.14% of Camden Property Trust worth $17,915,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kings Path Partners LLC purchased a new stake in shares of Camden Property Trust during the second quarter worth approximately $33,000. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. purchased a new position in Camden Property Trust in the 2nd quarter valued at approximately $39,000. Versant Capital Management Inc increased its stake in 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, American Capital Advisory LLC raised its holdings in Camden Property Trust by 42.7% during the third 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 during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Up 0.2 %

Camden Property Trust stock traded up $0.21 during midday trading on Monday, hitting $121.95. 733,246 shares of the company were exchanged, compared to its average volume of 990,811. The company has a market cap of $13.01 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 4.55 and a beta of 0.91. Camden Property Trust has a fifty-two week low of $85.30 and a fifty-two week high of $127.69. The company's fifty day moving average price is $121.39 and its 200-day moving average price is $114.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.37.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were 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 was Monday, September 30th. Camden Property Trust's payout ratio is 130.38%.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of research analyst reports. Piper Sandler raised their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Bank of America upgraded shares of Camden Property Trust from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Wells Fargo & Company upgraded shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Wedbush upped their target price on Camden Property Trust from $118.00 to $131.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada dropped their price target on Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating for the company in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $122.03.

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.