UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 790,974 Shares of Camden Property Trust (NYSE:CPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Camden Property Trust (NYSE:CPT) by 508.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 946,417 shares of the real estate investment trust’s stock after buying an additional 790,974 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.89% of Camden Property Trust worth $116,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CPT. Security National Bank increased its holdings in shares of Camden Property Trust by 1.2% in the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after purchasing an additional 101 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Camden Property Trust by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 113 shares during the period. American Capital Advisory LLC increased its stake in shares of 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 valued at $53,000 after buying an additional 128 shares during the period. Raymond James Trust N.A. raised its position in shares of Camden Property Trust by 6.1% during the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 144 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Camden Property Trust by 0.5% during the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after acquiring an additional 146 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

NYSE CPT opened at $125.80 on Monday. The firm’s 50 day moving average is $120.99 and its 200-day moving average is $116.26. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $13.42 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 4.59 and a beta of 0.91. Camden Property Trust has a 12-month low of $89.01 and a 12-month high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.28%. Camden Property Trust’s payout ratio is currently 130.38%.

Wall Street Analysts Forecast Growth

CPT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price 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. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Piper Sandler increased their price target on Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. Finally, The Goldman Sachs Group initiated coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and a consensus target price of $122.50.

About Camden Property Trust

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.