PNC Financial Services Group Inc. Purchases 351 Shares of Camden Property Trust (NYSE:CPT)

PNC Financial Services Group Inc. increased its position in Camden Property Trust (NYSE:CPT) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,908 shares of the real estate investment trust’s stock after acquiring an additional 351 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Camden Property Trust were worth $2,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after purchasing an additional 206,654 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $174,299,000 after buying an additional 54,475 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock valued at $144,933,000 after acquiring an additional 7,722 shares during the period. Maverick Capital Ltd. grew its stake in shares of Camden Property Trust by 4.1% in the second quarter. Maverick Capital Ltd. now owns 1,167,785 shares of the real estate investment trust’s stock worth $127,417,000 after acquiring an additional 46,327 shares during the last quarter. Finally, Eminence Capital LP increased its position in Camden Property Trust by 7.3% during the second quarter. Eminence Capital LP now owns 986,494 shares of the real estate investment trust’s stock worth $107,636,000 after acquiring an additional 67,455 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $123.91 on Tuesday. The firm has a 50 day simple moving average of $120.92 and a 200 day simple moving average of $115.60. Camden Property Trust has a fifty-two week low of $87.61 and a fifty-two week 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. The firm has a market cap of $13.22 billion, a P/E ratio of 39.22, a P/E/G ratio of 4.48 and a beta of 0.91.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.32%. Camden Property Trust’s payout ratio is 130.38%.

Analyst Ratings Changes

A number of analysts have commented on the company. BNP Paribas initiated coverage on Camden Property Trust in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective for the company. The Goldman Sachs Group assumed coverage on Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 target price for the company. Evercore ISI boosted their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Scotiabank reduced their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and upped their target price for the company from $111.00 to $147.00 in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $122.50.

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.