1,554 Shares in Camden Property Trust (NYSE:CPT) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in shares of Camden Property Trust (NYSE:CPT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,554 shares of the real estate investment trust’s stock, valued at approximately $192,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPT. Kings Path Partners LLC purchased a new position in shares of Camden Property Trust during the second quarter valued at about $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust during the second quarter valued at approximately $33,000. Family Firm Inc. purchased a new position in Camden Property Trust during the 2nd quarter valued at approximately $39,000. Versant Capital Management Inc increased its stake 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. Finally, American Capital Advisory LLC raised its holdings in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 128 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CPT has been the topic of several research reports. Truist Financial boosted their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft upped 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 report on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price target for the company. Jefferies Financial Group initiated coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Finally, Scotiabank dropped their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $127.02 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 4.52 and a beta of 0.91. The firm has a 50-day moving average of $120.94 and a two-hundred day moving average of $115.85. Camden Property Trust has a 1 year low of $87.61 and a 1 year high of $127.69.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors 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 3.24%. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

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.