Penserra Capital Management LLC Has $725,000 Position in Camden Property Trust (NYSE:CPT)

Penserra Capital Management LLC lowered its position in shares of Camden Property Trust (NYSE:CPT) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,870 shares of the real estate investment trust’s stock after selling 154 shares during the quarter. Penserra Capital Management LLC’s holdings in Camden Property Trust were worth $725,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CPT. Security National Bank grew its holdings in shares of Camden Property Trust by 1.2% in the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after buying an additional 101 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of 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 acquiring an additional 113 shares in the last quarter. American Capital Advisory LLC raised 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 purchasing an additional 128 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Camden Property Trust by 6.1% during the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 144 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Camden Property Trust by 0.5% in the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after purchasing an additional 146 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $127.02 on Thursday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $13.55 billion, a P/E ratio of 40.20, a P/E/G ratio of 4.52 and a beta of 0.91. Camden Property Trust has a 12 month low of $87.61 and a 12 month high of $127.69. The stock has a 50 day moving average of $120.94 and a 200-day moving average of $115.85.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.24%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Royal Bank of Canada dropped their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and increased their price objective for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. 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 on the stock. Finally, Wedbush raised their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One equities 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, Camden Property Trust has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Company Profile

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.