Venturi Wealth Management LLC Acquires 384 Shares of Camden Property Trust (NYSE:CPT)

Venturi Wealth Management LLC raised its holdings in Camden Property Trust (NYSE:CPT) by 96.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 781 shares of the real estate investment trust’s stock after purchasing an additional 384 shares during the quarter. Venturi Wealth Management LLC’s holdings in Camden Property Trust were worth $96,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust in the second quarter valued at $33,000. Federated Hermes Inc. bought a new stake in Camden Property Trust during the 2nd quarter worth about $33,000. Family Firm Inc. acquired a new stake in Camden Property Trust in the 2nd quarter valued at about $39,000. Versant Capital Management Inc raised its stake in shares of Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC lifted 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 in the last quarter. Institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CPT. Royal Bank of Canada dropped their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group assumed coverage on Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 target price for the company. BNP Paribas began coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target on the stock. Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. 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’s stock. Based on data from MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Trading Down 2.4 %

NYSE:CPT opened at $120.36 on Friday. 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 capitalization of $12.84 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 4.40 and a beta of 0.91. The business’s 50-day simple moving average is $121.15 and its 200-day simple moving average is $114.64. Camden Property Trust has a fifty-two week low of $86.50 and a fifty-two week high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.42%. Camden Property Trust’s payout ratio is 130.38%.

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.