Camden Property Trust (NYSE:CPT) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in Camden Property Trust (NYSE:CPT) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,168 shares of the real estate investment trust’s stock after buying an additional 1,130 shares during the period. CIBC Asset Management Inc’s holdings in Camden Property Trust were worth $1,997,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kings Path Partners LLC purchased a new stake in shares of Camden Property Trust in the second quarter worth about $33,000. Federated Hermes Inc. purchased a new stake in Camden Property Trust during the 2nd quarter worth approximately $33,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at approximately $39,000. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC grew its position in shares of 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 worth $53,000 after buying an additional 128 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPT has been the topic of a number of research analyst reports. Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price objective for the company from $111.00 to $147.00 in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft increased 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 report on Tuesday, September 10th. Piper Sandler boosted their price objective on 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 initiated coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Finally, Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $122.50.

Camden Property Trust Stock Up 1.2 %

CPT opened at $121.28 on Wednesday. The stock’s 50 day moving average price is $121.04 and its 200 day moving average price is $115.25. 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 stock has a market cap of $12.94 billion, a P/E ratio of 38.38, a P/E/G ratio of 4.36 and a beta of 0.91. Camden Property Trust has a 12 month low of $86.50 and a 12 month high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, September 30th. 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.