National Bank of Canada FI Purchases 18,402 Shares of Camden Property Trust (NYSE:CPT)

National Bank of Canada FI increased its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 63.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,611 shares of the real estate investment trust's stock after buying an additional 18,402 shares during the period. National Bank of Canada FI's holdings in Camden Property Trust were worth $5,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kings Path Partners LLC acquired a new position in shares of Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust in the second quarter valued at $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust in the second quarter valued at $39,000. American Capital Advisory LLC raised its position in shares of Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 128 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in shares of Camden Property Trust during the 3rd quarter worth about $62,000. 97.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada cut their price objective on shares of 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. The Goldman Sachs Group started coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 price objective on the stock. Wells Fargo & Company raised Camden Property Trust from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $104.00 to $127.00 in a report on Monday, August 26th. JPMorgan Chase & Co. upped their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Finally, Truist Financial lifted their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus target price of $122.50.

Camden Property Trust Trading Down 0.6 %

NYSE CPT traded down $0.78 on Friday, reaching $120.17. The company had a trading volume of 611,393 shares, compared to its average volume of 961,626. The business has a 50 day moving average of $120.62 and a two-hundred day moving average of $117.15. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 38.28, a P/E/G ratio of 4.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Dividend Announcement

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

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.