Crossmark Global Holdings Inc. Reduces Stock Position in Camden Property Trust (NYSE:CPT)

Crossmark Global Holdings Inc. cut its stake in Camden Property Trust (NYSE:CPT) by 5.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,753 shares of the real estate investment trust’s stock after selling 265 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Camden Property Trust were worth $587,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CPT. Vanguard Group Inc. boosted its stake in Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after purchasing an additional 289,425 shares during the period. Victory Capital Management Inc. grew its stake in Camden Property Trust by 5.0% during the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after acquiring an additional 206,654 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Camden Property Trust by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after acquiring an additional 54,475 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Camden Property Trust by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after acquiring an additional 7,722 shares during the period. Finally, Maverick Capital Ltd. lifted its stake in Camden Property Trust by 4.1% in the 2nd quarter. Maverick Capital Ltd. now owns 1,167,785 shares of the real estate investment trust’s stock worth $127,417,000 after purchasing an additional 46,327 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPT has been the topic of several research analyst reports. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Bank of America raised shares of 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 note on Monday, August 12th. Finally, Evercore ISI raised their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. One 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, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $122.50.

Camden Property Trust Stock Performance

NYSE: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 fifty-two week low of $86.50 and a fifty-two week high of $127.69. The firm has a market cap of $12.78 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of 4.49 and a beta of 0.91. The business has a 50 day moving average price of $121.10 and a 200-day moving average price of $114.78.

Camden Property Trust Announces Dividend

The company 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 of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.44%. Camden Property Trust’s payout ratio is currently 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.