5,714 Shares in Camden Property Trust (NYSE:CPT) Bought by Virtus Investment Advisers Inc.

Virtus Investment Advisers Inc. purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,714 shares of the real estate investment trust's stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. QRG Capital Management Inc. acquired a new stake in shares of Camden Property Trust in the third quarter valued at about $1,660,000. Stoneridge Investment Partners LLC acquired a new position in Camden Property Trust during the third quarter worth about $2,913,000. Highland Capital Management LLC purchased a new stake in Camden Property Trust during the 3rd quarter valued at about $826,000. Harvest Portfolios Group Inc. raised its holdings 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 acquiring an additional 9,123 shares during the last quarter. Finally, FMR LLC raised its holdings in Camden Property Trust by 14.5% in the 3rd 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. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Trading Up 0.4 %

CPT traded up $0.43 during mid-day trading on Friday, hitting $121.90. 492,992 shares of the stock were exchanged, compared to its average volume of 686,131. The firm's fifty day moving average is $120.68 and its two-hundred day moving average is $116.68. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69. The company has a market cap of $13.00 billion, a PE ratio of 38.58, a PEG ratio of 4.45 and a beta of 0.92. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

CPT has been the subject of a number of analyst reports. Jefferies Financial Group started coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a "hold" rating and a $123.00 price target for the company. Stifel Nicolaus downgraded Camden Property Trust from a "buy" rating to a "hold" rating and raised their target price for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. BNP Paribas initiated coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a "neutral" rating and a $129.00 price target on the stock. Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. Finally, Evercore ISI lifted their target price on shares of 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. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.