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Quadrature Capital Ltd Increases Position in Camden Property Trust (NYSE:CPT)

Camden Property Trust logo with Finance background

Quadrature Capital Ltd increased its stake in Camden Property Trust (NYSE:CPT - Free Report) by 334.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,939 shares of the real estate investment trust's stock after purchasing an additional 12,272 shares during the quarter. Quadrature Capital Ltd's holdings in Camden Property Trust were worth $1,969,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Security National Bank raised its stake 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 valued at $902,000 after purchasing an additional 101 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust's stock valued at $294,000 after buying an additional 113 shares during the last quarter. American Capital Advisory LLC raised its position 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 valued at $53,000 after buying an additional 128 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Camden Property Trust by 6.1% in the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust's stock worth $275,000 after buying an additional 144 shares in the last quarter. Finally, ProShare Advisors LLC boosted 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 worth $3,420,000 after acquiring an additional 146 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CPT shares. BNP Paribas assumed coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 target price for the company. Truist Financial increased their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a "buy" rating in a research note on Monday, August 26th. Jefferies Financial Group started coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a "hold" rating and a $123.00 target price for the company. Wells Fargo & Company upgraded shares of 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 report on Monday, August 26th. Finally, Piper Sandler raised their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. One investment 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. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of "Hold" and a consensus price target of $122.50.

View Our Latest Research Report on Camden Property Trust

Camden Property Trust Stock Performance

Shares of CPT traded up $0.43 during trading hours on Friday, reaching $121.90. 492,992 shares of the company traded hands, compared to its average volume of 686,131. The stock has a market capitalization of $13.00 billion, a P/E ratio of 38.58, a P/E/G ratio of 4.45 and a beta of 0.92. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average price of $120.68 and a 200-day moving average price of $116.68. Camden Property Trust has a 12-month low of $90.50 and a 12-month high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.38%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust's dividend payout ratio (DPR) is 130.38%.

About Camden Property Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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