Wolverine Asset Management LLC Trims Stake in Camden Property Trust (NYSE:CPT)

Wolverine Asset Management LLC trimmed its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 86.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,664 shares of the real estate investment trust's stock after selling 10,828 shares during the quarter. Wolverine Asset Management LLC's holdings in Camden Property Trust were worth $206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust's stock valued at $1,701,521,000 after purchasing an additional 289,425 shares during the period. Victory Capital Management Inc. raised its position in shares of Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust's stock worth $470,704,000 after acquiring an additional 206,654 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Camden Property Trust by 64.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust's stock worth $228,939,000 after acquiring an additional 898,398 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Camden Property Trust by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust's stock valued at $174,299,000 after acquiring an additional 54,475 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Camden Property Trust by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust's stock valued at $144,933,000 after purchasing an additional 7,722 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CPT. Scotiabank lowered their price target on Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted 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 note on Tuesday, September 10th. Royal Bank of Canada reduced their price objective on shares of 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. Bank of America upgraded shares of Camden Property Trust from an "underperform" rating to a "buy" rating and lifted their target price for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Finally, Wedbush upped their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Camden Property Trust presently has an average rating of "Hold" and a consensus target price of $122.50.

Camden Property Trust Trading Down 0.5 %

Shares of CPT stock traded down $0.58 on Friday, hitting $119.77. 863,970 shares of the stock traded hands, compared to its average volume of 988,473. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a twelve month low of $86.50 and a twelve month high of $127.69. The firm's 50-day moving average price is $121.15 and its two-hundred day moving average price is $114.64. The stock has a market capitalization of $12.78 billion, a PE ratio of 38.09, a PEG ratio of 4.49 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.44%. Camden Property Trust's payout ratio is 130.38%.

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.