Camden Property Trust (NYSE:CPT) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Camden Property Trust (NYSE:CPT - Free Report) by 508.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 946,417 shares of the real estate investment trust's stock after buying an additional 790,974 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.89% of Camden Property Trust worth $116,911,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC boosted its stake in Camden Property Trust by 45.3% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 44,646 shares of the real estate investment trust's stock worth $4,871,000 after buying an additional 13,912 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Camden Property Trust in the 3rd quarter valued at about $1,660,000. Stoneridge Investment Partners LLC acquired a new position in shares of Camden Property Trust in the 3rd quarter worth approximately $2,913,000. Highland Capital Management LLC acquired a new position in Camden Property Trust in the third quarter valued at approximately $826,000. Finally, Harvest Portfolios Group Inc. lifted its position in Camden Property Trust by 242.8% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 12,880 shares of the real estate investment trust's stock valued at $1,591,000 after purchasing an additional 9,123 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Down 1.5 %

Camden Property Trust stock traded down $1.84 during mid-day trading on Monday, reaching $123.96. 651,182 shares of the company traded hands, compared to its average volume of 975,077. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. 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's 50 day moving average price is $120.99 and its 200 day moving average price is $116.26. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 4.59 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.32%. Camden Property Trust's dividend payout ratio (DPR) is presently 130.38%.

Wall Street Analyst Weigh In

CPT has been the topic of several recent analyst reports. StockNews.com downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Friday, November 1st. Wells Fargo & Company raised Camden Property Trust from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $104.00 to $127.00 in a report on Monday, August 26th. Jefferies Financial Group initiated 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. Scotiabank reduced their price objective on Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a "hold" rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.