Camden Property Trust (NYSE:CPT) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Camden Property Trust (NYSE:CPT) by 60.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,300 shares of the real estate investment trust’s stock after buying an additional 70,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.18% of Camden Property Trust worth $23,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CPT. Victory Capital Management Inc. lifted its holdings in Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after buying an additional 206,654 shares in the last quarter. FMR LLC raised its stake in shares of Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after acquiring an additional 416,701 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Camden Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after purchasing an additional 54,475 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Camden Property Trust by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock worth $185,140,000 after purchasing an additional 51,742 shares in the last quarter. Finally, Maverick Capital Ltd. increased its holdings in Camden Property Trust by 4.1% during the 2nd quarter. Maverick Capital Ltd. now owns 1,167,785 shares of the real estate investment trust’s stock worth $127,417,000 after purchasing an additional 46,327 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

Shares of CPT opened at $127.03 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. Camden Property Trust has a fifty-two week low of $87.61 and a fifty-two week high of $127.69. The firm has a 50-day simple moving average of $120.97 and a 200-day simple moving average of $115.93. The company has a market capitalization 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.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given a dividend of $1.03 per share. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.24%. Camden Property Trust’s payout ratio is 130.38%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CPT. Piper Sandler lifted their price objective 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. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Evercore ISI increased their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Scotiabank cut their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $122.50.

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 58,250 apartment homes across the United States.