Camden Property Trust (NYSE:CPT) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in Camden Property Trust (NYSE:CPT) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 290,969 shares of the real estate investment trust’s stock after buying an additional 1,786 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Camden Property Trust were worth $35,943,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CPT. GSA Capital Partners LLP bought a new stake in shares of Camden Property Trust in the 3rd quarter worth approximately $453,000. Versor Investments LP boosted its stake in Camden Property Trust by 319.6% during the 3rd quarter. Versor Investments LP now owns 21,400 shares of the real estate investment trust’s stock valued at $2,644,000 after purchasing an additional 16,300 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Camden Property Trust by 96.7% during the third quarter. Venturi Wealth Management LLC now owns 781 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 384 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Camden Property Trust by 4,019.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 145,029 shares of the real estate investment trust’s stock worth $17,915,000 after purchasing an additional 141,508 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.5 %

Shares of CPT opened at $119.77 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. Camden Property Trust has a 52-week low of $86.50 and a 52-week high of $127.69. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 4.49 and a beta of 0.91. The business’s fifty day moving average is $121.10 and its 200-day moving average is $114.88.

Camden Property Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted 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. BNP Paribas started coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target for the company. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and upped their target price for the stock from $120.00 to $121.00 in a research report on Wednesday. Finally, Scotiabank decreased their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, 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.