Victory Capital Management Inc. Has $509.40 Million Stock Position in Camden Property Trust (NYSE:CPT)

Victory Capital Management Inc. trimmed its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,123,729 shares of the real estate investment trust's stock after selling 190,301 shares during the period. Camden Property Trust comprises approximately 0.5% of Victory Capital Management Inc.'s portfolio, making the stock its 24th biggest holding. Victory Capital Management Inc. owned about 3.87% of Camden Property Trust worth $509,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust in the second quarter valued at about $33,000. Federated Hermes Inc. bought a new position in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust in the second quarter valued at approximately $39,000. Versant Capital Management Inc raised its stake in shares of Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC raised its position in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 128 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

NYSE:CPT traded down $1.15 on Tuesday, hitting $120.80. The company had a trading volume of 1,106,872 shares, compared to its average volume of 991,340. The firm has a 50 day moving average of $121.27 and a two-hundred day moving average of $114.54. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 4.55 and a beta of 0.91. Camden Property Trust has a 52 week low of $85.30 and a 52 week high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Monday, September 30th. Camden Property Trust's dividend payout ratio is presently 130.38%.

Analyst Ratings Changes

CPT has been the subject of a number of analyst reports. Wedbush lifted their target price on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Scotiabank upped their target price on shares of Camden Property Trust from $125.00 to $132.00 and gave the stock a "sector perform" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 target price on the stock. Finally, BNP Paribas started coverage on shares of Camden Property Trust in a report on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $122.03.

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.