Camden Property Trust (NYSE:CPT) Stock Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 21.7% during the third quarter, Holdings Channel.com reports. The fund owned 14,395 shares of the real estate investment trust’s stock after purchasing an additional 2,569 shares during the period. Metis Global Partners LLC’s holdings in Camden Property Trust were worth $1,778,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Security National Bank increased its holdings in shares of Camden Property Trust by 1.2% in the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after buying an additional 101 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC lifted its position in shares of Camden Property Trust by 42.7% in the 3rd 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. Raymond James Trust N.A. raised its stake in shares of Camden Property Trust by 6.1% in the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 144 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Camden Property Trust by 0.5% during the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock worth $3,420,000 after buying an additional 146 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.5 %

Camden Property Trust stock opened at $119.77 on Friday. Camden Property Trust has a fifty-two week low of $86.50 and a fifty-two week high of $127.69. The firm has a market capitalization of $12.78 billion, a PE ratio of 37.90, a P/E/G ratio of 4.49 and a beta of 0.91. The company’s 50-day moving average is $121.10 and its 200-day moving average is $114.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Dividend Announcement

The firm also recently declared 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. This represents a $4.12 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio is 130.38%.

Wall Street Analyst Weigh In

Several research firms recently commented on CPT. Wedbush raised their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Truist Financial lifted their target price on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Evercore ISI lifted their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. Finally, Royal Bank of Canada dropped their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and an average 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.