Moors & Cabot Inc. Makes New $214,000 Investment in Camden Property Trust (NYSE:CPT)

Moors & Cabot Inc. acquired a new stake in shares of Camden Property Trust (NYSE:CPT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,730 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Other institutional investors also recently made changes to their positions in the company. Kings Path Partners LLC purchased a new stake in Camden Property Trust during the second quarter valued at about $33,000. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust during the 2nd quarter worth about $33,000. Family Firm Inc. acquired a new stake in Camden Property Trust during the 2nd quarter worth approximately $39,000. Versant Capital Management Inc raised its holdings in Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares during the period. Finally, American Capital Advisory LLC raised its holdings in Camden Property Trust by 42.7% in 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. 97.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CPT. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Scotiabank reduced their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. BNP Paribas began coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price for the company. Finally, Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Price Performance

Shares of CPT stock opened at $122.90 on Monday. The firm has a fifty day moving average of $120.92 and a two-hundred day moving average of $115.60. The firm has a market cap of $13.11 billion, a P/E ratio of 38.89, a P/E/G ratio of 4.45 and a beta of 0.91. Camden Property Trust has a 1-year low of $87.61 and a 1-year high of $127.69. 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 company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.35%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

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.