Nomura Asset Management Co. Ltd. increased its stake in shares of Camden Property Trust (NYSE:CPT – Free Report) by 2.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 186,095 shares of the real estate investment trust’s stock after purchasing an additional 4,553 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Camden Property Trust were worth $20,971,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cape Investment Advisory Inc. purchased a new stake in shares of Camden Property Trust during the first quarter valued at approximately $37,000. IFP Advisors Inc boosted its stake in shares of Camden Property Trust by 45.7% in the second quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 101 shares during the period. National Pension Service grew its holdings in Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 167 shares in the last quarter. Private Trust Co. NA increased its stake in Camden Property Trust by 117.7% during the 2nd quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 233 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Camden Property Trust by 16.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 620 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.
Camden Property Trust Trading Down 0.1%
NYSE:CPT opened at $102.09 on Wednesday. The company has a market cap of $10.86 billion, a PE ratio of 71.39, a P/E/G ratio of 3.31 and a beta of 0.81. The business’s 50 day moving average is $103.96 and its two-hundred day moving average is $109.99. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. Camden Property Trust has a 52 week low of $97.17 and a 52 week high of $127.65.
Camden Property Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Camden Property Trust’s dividend payout ratio is 170.04%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on CPT shares. Piper Sandler decreased their price objective on shares of Camden Property Trust from $117.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Morgan Stanley reduced their price target on Camden Property Trust from $124.00 to $123.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Barclays dropped their price objective on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. UBS Group cut their target price on Camden Property Trust from $114.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, The Goldman Sachs Group downgraded shares of Camden Property Trust from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $118.00 to $106.00 in a research report on Wednesday, September 17th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average price target of $119.04.
Get Our Latest Analysis on Camden Property Trust
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.
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