Zurcher Kantonalbank Zurich Cantonalbank Buys 115 Shares of Camden Property Trust (NYSE:CPT)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Camden Property Trust (NYSE:CPT) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,651 shares of the real estate investment trust’s stock after acquiring an additional 115 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Camden Property Trust were worth $9,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kings Path Partners LLC acquired a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust during the 2nd quarter worth $33,000. Family Firm Inc. acquired a new stake in shares of Camden Property Trust during the second quarter worth $39,000. Versant Capital Management Inc boosted its position in shares of Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares during the period. Finally, American Capital Advisory LLC grew its stake 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 valued at $53,000 after acquiring an additional 128 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Ratings Changes

CPT has been the subject of several analyst reports. Truist Financial lifted their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Scotiabank dropped their price objective 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. Deutsche Bank Aktiengesellschaft increased their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Piper Sandler boosted their price target 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. Finally, BNP Paribas began coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective on the stock. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Stock Performance

NYSE CPT opened at $125.80 on Monday. The firm’s fifty day moving average price is $120.99 and its two-hundred day moving average price is $116.26. The stock has a market cap of $13.42 billion, a PE ratio of 39.81, a PEG ratio of 4.59 and a beta of 0.91. 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 $89.01 and a fifty-two week 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 given 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 yield of 3.28%. Camden Property Trust’s dividend payout ratio 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.