Geode Capital Management LLC Increases Holdings in Camden Property Trust (NYSE:CPT)

Geode Capital Management LLC boosted its position in Camden Property Trust (NYSE:CPT) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,739,831 shares of the real estate investment trust’s stock after buying an additional 20,097 shares during the quarter. Geode Capital Management LLC owned approximately 2.57% of Camden Property Trust worth $337,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Camden Property Trust by 11.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,105 shares of the real estate investment trust’s stock valued at $1,103,000 after purchasing an additional 1,018 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of Camden Property Trust by 1.0% during the second quarter. Boston Trust Walden Corp now owns 280,072 shares of the real estate investment trust’s stock valued at $30,559,000 after buying an additional 2,852 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Camden Property Trust by 1.0% in the second quarter. Raymond James & Associates now owns 100,055 shares of the real estate investment trust’s stock worth $10,917,000 after buying an additional 956 shares during the period. Security National Bank lifted its stake in shares of Camden Property Trust by 1.2% in the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after acquiring an additional 101 shares during the last quarter. Finally, Traynor Capital Management Inc. purchased a new stake in Camden Property Trust during the 2nd quarter valued at about $218,000. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Price Performance

CPT stock opened at $120.20 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. The firm has a 50 day moving average price of $120.61 and a 200-day moving average price of $117.27. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 4.40 and a beta of 0.92.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank lowered their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Royal Bank of Canada decreased their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. 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 report on Monday, August 26th. Finally, The Goldman Sachs Group assumed coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective for the company. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $122.50.

About Camden Property Trust

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.