Martingale Asset Management L P Invests $1.82 Million in Camden Property Trust (NYSE:CPT)

Martingale Asset Management L P bought a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,736 shares of the real estate investment trust's stock, valued at approximately $1,820,000.

Other hedge funds have also recently bought and sold shares of the company. Security National Bank boosted its position in Camden Property Trust by 1.2% during the 2nd 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 during the period. Verdence Capital Advisors LLC increased its position 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 worth $294,000 after buying an additional 113 shares during the period. American Capital Advisory LLC lifted its holdings in shares of 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 buying an additional 128 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Camden Property Trust by 6.1% during the second 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 period. Finally, ProShare Advisors LLC increased its position in shares of Camden Property Trust by 0.5% during the second 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 period. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

NYSE:CPT traded down $1.84 during trading hours on Monday, reaching $123.96. 651,182 shares of the company's stock were exchanged, compared to its average volume of 975,077. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 4.59 and a beta of 0.91. The company has a 50-day moving average of $120.99 and a 200 day moving average of $116.26. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's dividend payout ratio (DPR) is 130.38%.

Analysts Set New Price Targets

CPT has been the topic of a number of analyst reports. Wells Fargo & Company upgraded Camden Property Trust from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Bank of America raised Camden Property Trust from an "underperform" rating to a "buy" rating and raised their price target for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Stifel Nicolaus downgraded Camden Property Trust from a "buy" rating to a "hold" rating and raised their price target for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Evercore ISI raised their price objective on 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. Finally, The Goldman Sachs Group started coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a "neutral" rating and a $139.00 price target for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $122.50.

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.