Citigroup Inc. Cuts Position in Camden Property Trust (NYSE:CPT)

Citigroup Inc. lessened its stake in Camden Property Trust (NYSE:CPT) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,569 shares of the real estate investment trust’s stock after selling 604 shares during the quarter. Citigroup Inc.’s holdings in Camden Property Trust were worth $15,512,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CPT. Kings Path Partners LLC purchased a new position in Camden Property Trust during the 2nd quarter valued at about $33,000. Federated Hermes Inc. purchased a new position in Camden Property Trust during the 2nd quarter valued at about $33,000. Family Firm Inc. purchased a new position in Camden Property Trust during the 2nd quarter valued at about $39,000. Versant Capital Management Inc increased its holdings in Camden Property Trust by 2,187.5% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 350 shares in the last quarter. Finally, American Capital Advisory LLC increased its holdings in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Scotiabank decreased their price target on shares of 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. Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $122.50.

Camden Property Trust Trading Up 1.0 %

Shares of CPT stock opened at $127.02 on Thursday. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 4.52 and a beta of 0.91. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a fifty-two week low of $87.61 and a fifty-two week high of $127.69. The firm’s 50 day moving average price is $120.94 and its two-hundred day moving average price is $115.85.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders 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 3.24%. 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.