Tidal Investments LLC Grows Position in Camden Property Trust (NYSE:CPT)

Tidal Investments LLC lifted its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 22.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,285 shares of the real estate investment trust's stock after buying an additional 12,774 shares during the quarter. Tidal Investments LLC owned 0.07% of Camden Property Trust worth $8,682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Security National Bank boosted its position in shares of 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 worth $902,000 after purchasing an additional 101 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in 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 worth $294,000 after buying an additional 113 shares in the last quarter. American Capital Advisory LLC boosted its holdings in 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 worth $53,000 after buying an additional 128 shares in the last quarter. Raymond James Trust N.A. grew its position in Camden Property Trust by 6.1% during 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 during the period. Finally, ProShare Advisors LLC increased its holdings in Camden Property Trust by 0.5% in the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust's stock valued at $3,420,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CPT shares. Wells Fargo & Company upgraded Camden Property Trust from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Evercore ISI lifted their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. 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. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a "hold" rating and a $123.00 target price for the company. Finally, Scotiabank lowered their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $122.50.

Camden Property Trust Trading Down 0.7 %

Shares of CPT stock traded down $0.86 during trading hours on Friday, hitting $120.09. 245,169 shares of the company were exchanged, compared to its average volume of 961,540. The firm has a fifty day moving average of $120.62 and a 200 day moving average of $117.15. 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 1 year low of $90.50 and a 1 year high of $127.69. The firm has a market cap of $12.81 billion, a PE ratio of 38.28, a PEG ratio of 4.40 and a beta of 0.92.

Camden Property Trust Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust's dividend payout ratio is currently 130.38%.

About Camden Property Trust

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.