Sanctuary Advisors LLC Buys 5,485 Shares of Camden Property Trust (NYSE:CPT)

Sanctuary Advisors LLC boosted its position in Camden Property Trust (NYSE:CPT) by 43.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,101 shares of the real estate investment trust’s stock after purchasing an additional 5,485 shares during the quarter. Sanctuary Advisors LLC’s holdings in Camden Property Trust were worth $2,225,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new stake in Camden Property Trust in the second quarter worth approximately $33,000. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust in the 2nd quarter valued at $33,000. Neo Ivy Capital Management purchased a new position in Camden Property Trust in the 3rd quarter worth $38,000. Family Firm Inc. bought a new stake in Camden Property Trust in the second quarter worth $39,000. Finally, American Capital Advisory LLC boosted its position in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Down 4.4 %

Shares of CPT stock opened at $113.35 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 4.40 and a beta of 0.92. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The firm has a fifty day moving average price of $120.59 and a 200-day moving average price of $117.75.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CPT shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. cut shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $129.00 to $128.00 in a research report on Tuesday. Evercore ISI boosted their target price on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Piper Sandler increased their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $125.81.

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.