Van ECK Associates Corp Raises Stake in Camden Property Trust (NYSE:CPT)

Van ECK Associates Corp raised its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,730 shares of the real estate investment trust's stock after purchasing an additional 4,778 shares during the quarter. Van ECK Associates Corp's holdings in Camden Property Trust were worth $5,999,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CPT. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Camden Property Trust by 16.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191,374 shares of the real estate investment trust's stock worth $18,831,000 after buying an additional 27,465 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Camden Property Trust by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 160,309 shares of the real estate investment trust's stock valued at $15,781,000 after purchasing an additional 5,926 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Camden Property Trust by 59.4% during the first quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust's stock valued at $1,853,000 after purchasing an additional 7,018 shares in the last quarter. Tidal Investments LLC grew its stake in Camden Property Trust by 34.1% in the first quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust's stock worth $5,992,000 after purchasing an additional 15,513 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in Camden Property Trust by 45.3% in the second 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 purchasing an additional 13,912 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a "hold" rating and a $123.00 target price on the stock. UBS Group raised their target price on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a "neutral" rating in a research note on Thursday, July 18th. Piper Sandler boosted their price target 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. Royal Bank of Canada reduced their price objective on Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating for the company in a research report on Monday. Finally, The Goldman Sachs Group assumed coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust has a consensus rating of "Hold" and a consensus price target of $122.03.

Camden Property Trust Stock Performance

Camden Property Trust stock traded up $3.97 during mid-day trading on Friday, reaching $122.56. 591,865 shares of the stock traded hands, compared to its average volume of 989,420. Camden Property Trust has a 12-month low of $85.30 and a 12-month high of $127.69. The stock has a market capitalization of $13.07 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.37. The business's 50-day moving average is $121.52 and its 200-day moving average is $113.85.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.36%. Camden Property Trust's payout ratio is presently 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.