Martingale Asset Management L P Purchases New Holdings in Camden Property Trust (NYSE:CPT)

Martingale Asset Management L P bought a new stake in shares of Camden Property Trust (NYSE:CPT) in the 3rd quarter, Holdings Channel reports. The firm bought 14,736 shares of the real estate investment trust’s stock, valued at approximately $1,820,000.

Several other large investors have also recently made changes to their positions in the business. Swedbank AB purchased a new position in shares of Camden Property Trust in the 1st quarter worth about $531,000. GAMMA Investing LLC raised its holdings in Camden Property Trust by 30.3% in the second quarter. GAMMA Investing LLC now owns 2,255 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 525 shares during the last quarter. DNB Asset Management AS raised its holdings in Camden Property Trust by 16.1% in the second quarter. DNB Asset Management AS now owns 17,382 shares of the real estate investment trust’s stock worth $1,897,000 after buying an additional 2,413 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Camden Property Trust in the second quarter worth about $116,000. Finally, Versant Capital Management Inc raised its holdings in Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 350 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

NYSE:CPT opened at $125.80 on Monday. The stock has a 50-day simple moving average of $120.99 and a two-hundred day simple moving average of $116.26. Camden Property Trust has a 52-week low of $89.01 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $13.42 billion, a PE ratio of 39.81, a P/E/G ratio of 4.59 and a beta of 0.91.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.28%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CPT. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Truist Financial boosted their price target on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Evercore ISI boosted their target price 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. Jefferies Financial Group began coverage on Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. Finally, Scotiabank lowered their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $122.50.

Camden Property Trust Company 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.