SMART Wealth LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,707 shares of the real estate investment trust's stock, valued at approximately $829,000.
A number of other institutional investors also recently bought and sold shares of CPT. Envestnet Portfolio Solutions Inc. raised its holdings in Camden Property Trust by 11.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,105 shares of the real estate investment trust's stock worth $1,103,000 after purchasing an additional 1,018 shares in the last quarter. Raymond James & Associates lifted its position in Camden Property Trust by 1.0% during the 2nd quarter. Raymond James & Associates now owns 100,055 shares of the real estate investment trust's stock valued at $10,917,000 after acquiring an additional 956 shares during the period. Security National Bank boosted its stake in Camden Property Trust by 1.2% during the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust's stock worth $902,000 after acquiring an additional 101 shares in the last quarter. Traynor Capital Management Inc. purchased a new stake in Camden Property Trust in the second quarter worth about $218,000. Finally, Family Firm Inc. purchased a new stake in Camden Property Trust in the second quarter worth about $39,000. 97.22% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CPT has been the topic of a number of analyst reports. Evercore ISI boosted their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Royal Bank of Canada cut their target price on Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating on the stock in a research note on Monday, November 4th. Jefferies Financial Group began 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 on the stock. StockNews.com lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. Finally, 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 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of "Hold" and a consensus target price of $123.75.
Check Out Our Latest Stock Report on CPT
Camden Property Trust Stock Performance
Shares of NYSE:CPT traded up $0.18 during trading on Monday, hitting $120.35. The company's stock had a trading volume of 445,952 shares, compared to its average volume of 961,039. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 4.40 and a beta of 0.92. The company has a 50-day moving average of $120.62 and a 200-day moving average of $117.64. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust's payout ratio is 130.38%.
Camden Property Trust Company Profile
(
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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