State Street Corp Boosts Holdings in Camden Property Trust (NYSE:CPT)

State Street Corp grew its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 0.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,118,930 shares of the real estate investment trust's stock after acquiring an additional 36,528 shares during the quarter. State Street Corp owned about 6.67% of Camden Property Trust worth $886,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CPT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust's stock valued at $116,911,000 after purchasing an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust's stock valued at $158,028,000 after buying an additional 630,768 shares in the last quarter. Duquesne Family Office LLC purchased a new position in shares of Camden Property Trust in the 2nd quarter valued at $63,056,000. Heitman Real Estate Securities LLC raised its stake in Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust's stock worth $55,501,000 after acquiring an additional 435,495 shares in the last quarter. Finally, FMR LLC lifted its position in 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 valued at $407,324,000 after acquiring an additional 416,701 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Analysts Set New Price Targets

CPT has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Camden Property Trust from $110.00 to $128.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Jefferies Financial Group initiated coverage on Camden Property Trust in a research report on Friday, October 11th. They set a "hold" rating and a $123.00 price target on the stock. Wells Fargo & Company raised Camden Property Trust from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. Bank of America upgraded shares of Camden Property Trust from an "underperform" rating to a "buy" rating and raised their target price for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Finally, Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $122.50.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock traded up $0.43 during trading on Friday, reaching $121.90. The company's stock had a trading volume of 492,992 shares, compared to its average volume of 686,131. The business has a 50 day moving average price of $120.68 and a 200-day moving average price of $116.76. The company has a market capitalization of $13.00 billion, a P/E ratio of 38.58, a price-to-earnings-growth 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 12-month low of $90.50 and a 12-month high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be issued a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.38%. Camden Property Trust's dividend payout ratio is presently 130.38%.

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.