Voya Investment Management LLC lessened its holdings in shares of Camden Property Trust (NYSE:CPT – Free Report) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,817 shares of the real estate investment trust’s stock after selling 6,888 shares during the period. Voya Investment Management LLC’s holdings in Camden Property Trust were worth $2,436,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Forsta AP Fonden boosted its holdings in shares of Camden Property Trust by 0.6% during the 2nd quarter. Forsta AP Fonden now owns 17,400 shares of the real estate investment trust’s stock worth $1,961,000 after purchasing an additional 100 shares during the last quarter. Intact Investment Management Inc. lifted its position in Camden Property Trust by 16.7% during the second quarter. Intact Investment Management Inc. now owns 700 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 100 shares in the last quarter. First Manhattan CO. LLC. boosted its stake in Camden Property Trust by 0.3% during the first quarter. First Manhattan CO. LLC. now owns 30,878 shares of the real estate investment trust’s stock worth $3,809,000 after buying an additional 101 shares during the last quarter. IFP Advisors Inc grew its holdings in Camden Property Trust by 45.7% in the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 101 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Camden Property Trust by 0.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,395 shares of the real estate investment trust’s stock worth $2,073,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
Camden Property Trust Price Performance
Camden Property Trust stock opened at $109.24 on Friday. The company’s 50 day simple moving average is $104.06 and its 200-day simple moving average is $107.80. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.13 and a current ratio of 0.13. Camden Property Trust has a 1 year low of $97.17 and a 1 year high of $126.55. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 3.63 and a beta of 0.82.
Camden Property Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 17th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $4.20 annualized dividend and a yield of 3.8%. Camden Property Trust’s dividend payout ratio is presently 170.04%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on CPT shares. Barclays set a $118.00 price target on shares of Camden Property Trust and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Bank of America reduced their target price on shares of Camden Property Trust from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Evercore ISI cut their price target on shares of Camden Property Trust from $115.00 to $108.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Piper Sandler decreased their price objective on Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Mizuho lowered their price objective on Camden Property Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $116.81.
Camden Property Trust Profile
Camden Property Trust is a publicly traded real estate investment trust (REIT) specializing in the ownership, development and management of multifamily residential communities across the United States. The company’s core business activities include acquiring land for new construction, overseeing the design and development of garden-style and mid-rise apartment communities, and providing ongoing property management services. Camden’s asset management team focuses on maintaining high occupancy levels, resident satisfaction and operational efficiency through consistent leasing, maintenance and community engagement programs.
Camden’s portfolio encompasses a geographically diversified mix of properties located primarily in high-growth Sun Belt and major metropolitan markets.
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