Wellington Management Group LLP Buys 918,078 Shares of Camden Property Trust (NYSE:CPT)

Wellington Management Group LLP raised its position in Camden Property Trust (NYSE:CPT - Free Report) by 86.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,974,842 shares of the real estate investment trust's stock after buying an additional 918,078 shares during the quarter. Wellington Management Group LLP owned about 1.85% of Camden Property Trust worth $243,952,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Camden Property Trust by 0.5% in the 3rd quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust's stock valued at $886,693,000 after acquiring an additional 36,528 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust's stock valued at $470,704,000 after buying an additional 206,654 shares during the period. 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 worth $407,324,000 after purchasing an additional 416,701 shares during the period. Dimensional Fund Advisors LP raised its holdings in Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust's stock worth $174,299,000 after purchasing an additional 54,475 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Camden Property Trust by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust's stock worth $185,140,000 after purchasing an additional 51,742 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Up 0.7 %

Shares of Camden Property Trust stock traded up $0.89 on Monday, hitting $122.79. 643,183 shares of the company traded hands, compared to its average volume of 965,891. The stock's 50 day moving average price is $120.68 and its 200-day moving average price is $116.84. 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 has a 52 week low of $90.50 and a 52 week high of $127.69. The company has a market cap of $13.10 billion, a PE ratio of 38.58, a PEG ratio of 4.45 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. Stockholders of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust's dividend payout ratio is presently 130.38%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CPT shares. Piper Sandler increased their price target on Camden Property Trust from $110.00 to $128.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. The Goldman Sachs Group assumed coverage on Camden Property Trust in a research report on Wednesday, September 4th. They set a "neutral" rating and a $139.00 price objective for the company. 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 report on Monday, September 16th. Truist Financial lifted their price target on Camden Property Trust from $122.00 to $133.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Finally, Royal Bank of Canada dropped their price target 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, November 4th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.