Miller Howard Investments Inc. NY Acquires 27,285 Shares of Camden Property Trust (NYSE:CPT)

Miller Howard Investments Inc. NY increased its holdings in Camden Property Trust (NYSE:CPTFree Report) by 16.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,729 shares of the real estate investment trust’s stock after purchasing an additional 27,285 shares during the quarter. Miller Howard Investments Inc. NY owned approximately 0.17% of Camden Property Trust worth $18,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CPT. MBB Public Markets I LLC boosted its position in Camden Property Trust by 201.2% during the 3rd quarter. MBB Public Markets I LLC now owns 235,013 shares of the real estate investment trust’s stock valued at $22,228,000 after acquiring an additional 156,985 shares in the last quarter. Twin Capital Management Inc. purchased a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $811,000. Cerity Partners LLC purchased a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $6,966,000. Eminence Capital LP purchased a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $18,737,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of Camden Property Trust during the fourth quarter valued at approximately $1,374,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Trading Up 1.3 %

CPT stock traded up $1.40 during mid-day trading on Monday, reaching $111.10. The company had a trading volume of 599,143 shares, compared to its average volume of 1,029,030. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $11.84 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 4.28 and a beta of 0.86. The firm has a 50 day moving average of $104.03 and a 200 day moving average of $99.60. Camden Property Trust has a 12 month low of $82.81 and a 12 month high of $114.04.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be paid a $1.03 dividend. The ex-dividend date is Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.71%. Camden Property Trust’s dividend payout ratio is currently 100.98%.

Analyst Ratings Changes

Several research firms have recently issued reports on CPT. UBS Group lifted their target price on shares of Camden Property Trust from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Morgan Stanley boosted their price objective on shares of Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Scotiabank boosted their price objective on shares of Camden Property Trust from $104.00 to $108.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 14th. Piper Sandler raised shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $90.00 to $110.00 in a research report on Monday, May 6th. Finally, StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $107.31.

Check Out Our Latest Stock Analysis on Camden Property Trust

About Camden Property Trust

(Free Report)

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 58,634 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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