Wolverine Asset Management LLC Sells 10,828 Shares of Camden Property Trust (NYSE:CPT)

Wolverine Asset Management LLC lowered its stake in Camden Property Trust (NYSE:CPT) by 86.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,664 shares of the real estate investment trust’s stock after selling 10,828 shares during the period. Wolverine Asset Management LLC’s holdings in Camden Property Trust were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Security National Bank raised its holdings in Camden Property Trust by 1.2% in the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock worth $902,000 after purchasing an additional 101 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Camden Property Trust by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 113 shares during the period. American Capital Advisory LLC boosted its stake in 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 acquiring an additional 128 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Camden Property Trust by 6.1% in the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 144 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Camden Property Trust by 0.5% during the second 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 in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $104.00 to $127.00 in a research note on Monday, August 26th. Evercore ISI increased their target price on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Scotiabank lowered their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price objective for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Finally, Royal Bank of Canada decreased their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Stock Performance

CPT opened at $120.36 on Friday. The company’s 50 day moving average is $121.15 and its 200 day moving average is $114.64. 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 cap of $12.84 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 4.40 and a beta of 0.91. Camden Property Trust has a 12-month low of $86.50 and a 12-month high of $127.69.

Camden Property Trust Dividend Announcement

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

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.