Riposte Capital LLC Makes New $10.50 Million Investment in Camden Property Trust (NYSE:CPT)

Riposte Capital LLC acquired a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 85,000 shares of the real estate investment trust's stock, valued at approximately $10,500,000. Camden Property Trust makes up 1.2% of Riposte Capital LLC's investment portfolio, making the stock its 11th biggest position. Riposte Capital LLC owned 0.08% of Camden Property Trust as of its most recent filing with the Securities & Exchange Commission.

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

Camden Property Trust Stock Down 0.5 %

Shares of NYSE CPT traded down $0.58 during trading on Thursday, hitting $121.56. 138,806 shares of the company traded hands, compared to its average volume of 967,442. The business's fifty day moving average is $120.77 and its 200 day moving average is $116.54. 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 capitalization of $12.97 billion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 4.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Dividend Announcement

The firm 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 $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.39%. Camden Property Trust's dividend payout ratio is presently 130.38%.

Wall Street Analyst Weigh In

CPT has been the subject of several recent research reports. Scotiabank dropped their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Piper Sandler upped their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. StockNews.com cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a "hold" rating and a $123.00 price objective 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $122.50.

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.