Stoneridge Investment Partners LLC Makes New Investment in Camden Property Trust (NYSE:CPT)

Stoneridge Investment Partners LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 23,580 shares of the real estate investment trust's stock, valued at approximately $2,913,000. Camden Property Trust makes up approximately 1.1% of Stoneridge Investment Partners LLC's investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FSM Wealth Advisors LLC bought a new stake in shares of Camden Property Trust during the 3rd quarter worth $243,000. Impax Asset Management Group plc acquired a new position in shares of Camden Property Trust in the 3rd quarter valued at $670,000. QRG Capital Management Inc. bought a new position in shares of Camden Property Trust during the 3rd quarter worth about $1,660,000. Asset Management One Co. Ltd. increased its stake in Camden Property Trust by 3.4% in the third quarter. Asset Management One Co. Ltd. now owns 225,108 shares of the real estate investment trust's stock valued at $27,808,000 after acquiring an additional 7,467 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Camden Property Trust by 4,254.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust's stock worth $42,224,000 after purchasing an additional 333,961 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Stock Up 1.8 %

CPT traded up $2.09 during trading on Tuesday, hitting $118.00. The company had a trading volume of 662,066 shares, compared to its average volume of 990,765. The company has a market capitalization of $12.58 billion, a PE ratio of 36.79, a PEG ratio of 4.25 and a beta of 0.91. The company has a quick ratio of 0.37, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a one year low of $85.30 and a one year high of $127.69. The firm's 50-day moving average price is $121.89 and its 200 day moving average price is $113.63.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.49%. Camden Property Trust's dividend payout ratio is 130.38%.

Analyst Upgrades and Downgrades

CPT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They set a "hold" rating and a $123.00 price target for the company. Evercore ISI raised their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Bank of America upgraded Camden Property Trust from an "underperform" rating to a "buy" rating and increased their price target for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Finally, Scotiabank boosted their price objective on Camden Property Trust from $125.00 to $132.00 and gave the stock a "sector perform" rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $122.03.

About Camden Property Trust

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.