Trillium Asset Management LLC Lowers Stake in Camden Property Trust $CPT

Trillium Asset Management LLC reduced its holdings in shares of Camden Property Trust (NYSE:CPT) by 4.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 28,559 shares of the real estate investment trust’s stock after selling 1,429 shares during the period. Trillium Asset Management LLC’s holdings in Camden Property Trust were worth $3,218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPT. Millennium Management LLC grew its position in Camden Property Trust by 1,669.3% during the 1st quarter. Millennium Management LLC now owns 1,078,335 shares of the real estate investment trust’s stock worth $131,880,000 after purchasing an additional 1,017,388 shares during the last quarter. Nuveen LLC purchased a new position in Camden Property Trust during the 1st quarter worth $123,882,000. Jennison Associates LLC grew its position in Camden Property Trust by 87.3% during the 2nd quarter. Jennison Associates LLC now owns 1,013,719 shares of the real estate investment trust’s stock worth $114,236,000 after purchasing an additional 472,623 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Camden Property Trust in the 1st quarter worth $45,879,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Camden Property Trust by 17.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,863,792 shares of the real estate investment trust’s stock worth $227,942,000 after acquiring an additional 273,966 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Up 0.5%

Shares of NYSE CPT opened at $101.86 on Thursday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82. Camden Property Trust has a 52 week low of $97.17 and a 52 week high of $127.65. The firm has a 50-day moving average price of $105.53 and a 200 day moving average price of $110.80. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 71.23, a price-to-earnings-growth ratio of 3.31 and a beta of 0.81.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a $1.05 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.1%. Camden Property Trust’s dividend payout ratio (DPR) is 293.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group cut shares of Camden Property Trust from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $118.00 to $106.00 in a research note on Wednesday, September 17th. Piper Sandler reduced their target price on shares of Camden Property Trust from $130.00 to $117.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Scotiabank reduced their target price on shares of Camden Property Trust from $126.00 to $115.00 and set a “sector perform” rating for the company in a research note on Tuesday. UBS Group reduced their target price on shares of Camden Property Trust from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $120.05.

Camden Property Trust 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.