Camden Property Trust (NYSE:CPT) Stake Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 35.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,801 shares of the real estate investment trust's stock after purchasing an additional 10,191 shares during the period. Quantinno Capital Management LP's holdings in Camden Property Trust were worth $4,793,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. acquired a new stake in Camden Property Trust during the 3rd quarter valued at $1,660,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Camden Property Trust during the third quarter valued at about $2,913,000. Highland Capital Management LLC purchased a new stake in shares of Camden Property Trust during the third quarter worth about $826,000. Harvest Portfolios Group Inc. increased its position in shares of Camden Property Trust by 242.8% during the third quarter. Harvest Portfolios Group Inc. now owns 12,880 shares of the real estate investment trust's stock worth $1,591,000 after acquiring an additional 9,123 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after acquiring an additional 416,701 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group began coverage on Camden Property Trust in a research note on Wednesday, September 4th. They set a "neutral" rating and a $139.00 price objective for the company. Truist Financial lifted their price target 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. JPMorgan Chase & Co. increased their price objective 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. Royal Bank of Canada dropped their target price 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. Finally, Stifel Nicolaus lowered shares of Camden Property Trust from a "buy" rating to a "hold" rating and upped their target price for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $122.50.

Camden Property Trust Stock Performance

NYSE CPT traded up $0.43 on Friday, hitting $121.90. The stock had a trading volume of 492,992 shares, compared to its average volume of 686,131. The company's 50-day moving average is $120.68 and its two-hundred day moving average is $116.76. The stock has a market cap of $13.00 billion, a price-to-earnings 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. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be paid 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 payout ratio is currently 130.38%.

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.