Charles Schwab Investment Management Inc. Purchases 51,742 Shares of Camden Property Trust (NYSE:CPT)

Charles Schwab Investment Management Inc. increased its position in shares of Camden Property Trust (NYSE:CPT) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,498,742 shares of the real estate investment trust’s stock after purchasing an additional 51,742 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.40% of Camden Property Trust worth $185,140,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in shares of Camden Property Trust during the first quarter valued at approximately $472,000. Price T Rowe Associates Inc. MD boosted its holdings in Camden Property Trust by 0.5% during the 1st 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. Jacobs Levy Equity Management Inc. grew its position in Camden Property Trust by 2.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 530,676 shares of the real estate investment trust’s stock valued at $52,219,000 after acquiring an additional 13,366 shares during the last quarter. Tidal Investments LLC increased its stake in Camden Property Trust by 34.1% in the first quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust’s stock worth $5,992,000 after purchasing an additional 15,513 shares during the period. Finally, Woodson Capital Management LP bought a new stake in shares of Camden Property Trust during the first quarter worth $11,997,000. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Up 0.7 %

Camden Property Trust stock opened at $122.90 on Friday. The business’s 50-day moving average price is $120.92 and its 200 day moving average price is $115.45. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. Camden Property Trust has a 52 week low of $87.61 and a 52 week high of $127.69.

Camden Property Trust Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 3.35%. Camden Property Trust’s payout ratio is 130.38%.

Analyst Upgrades and Downgrades

CPT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. BNP Paribas assumed coverage on Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Truist Financial lifted their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Wedbush boosted their target price on Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and increased their price target for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Camden Property Trust has an average rating of “Hold” and a consensus price target 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.