Fmr LLC Acquires 416,701 Shares of Camden Property Trust (NYSE:CPT)

Fmr LLC raised its stake in shares of Camden Property Trust (NYSE:CPT) by 14.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,297,370 shares of the real estate investment trust’s stock after acquiring an additional 416,701 shares during the period. Fmr LLC owned approximately 3.09% of Camden Property Trust worth $407,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Kings Path Partners LLC bought a new position in Camden Property Trust during the second quarter valued at approximately $33,000. Federated Hermes Inc. purchased a new stake in Camden Property Trust during the 2nd quarter valued at $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust during the 2nd quarter valued at $39,000. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC grew its holdings in shares of Camden Property Trust by 42.7% in the third 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 during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

CPT has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wedbush increased their price objective on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and upped their target price for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. Finally, StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average price target of $122.50.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $125.66 on Friday. The firm has a market cap of $13.41 billion, a PE ratio of 40.17, a PEG ratio of 4.63 and a beta of 0.91. The stock has a 50 day moving average of $120.98 and a 200 day moving average of $116.01. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. 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 announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

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.