2,175 Shares in Camden Property Trust (NYSE:CPT) Acquired by Abel Hall LLC

Abel Hall LLC purchased a new position in Camden Property Trust (NYSE:CPT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,175 shares of the real estate investment trust’s stock, valued at approximately $216,000.

A number of other hedge funds also recently modified their holdings of CPT. Parkside Financial Bank & Trust grew its stake in Camden Property Trust by 60.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Tobam grew its stake in Camden Property Trust by 4,166.7% in the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 375 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 119 shares in the last quarter. Quarry LP grew its stake in Camden Property Trust by 1,081.5% in the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 584 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new position in Camden Property Trust in the 3rd quarter valued at approximately $69,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 1.0 %

Camden Property Trust stock traded up $1.05 during mid-day trading on Friday, hitting $108.04. The company’s stock had a trading volume of 441,541 shares, compared to its average volume of 792,184. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 4.23 and a beta of 0.86. The business has a 50 day moving average price of $102.89 and a 200-day moving average price of $98.82. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.81%. Camden Property Trust’s dividend payout ratio is presently 100.98%.

Analysts Set New Price Targets

CPT has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Camden Property Trust from $107.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Morgan Stanley boosted their price target on shares of Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Wells Fargo & Company boosted their price target on shares of Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a research report on Friday, May 31st. Truist Financial boosted their price target on shares of Camden Property Trust from $113.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Wedbush boosted their price target on shares of Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.03.

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 58,634 apartment homes across the United States.