Makena Capital Management LLC Has $10.79 Million Stock Position in Camden Property Trust (NYSE:CPT)

Makena Capital Management LLC cut its stake in shares of Camden Property Trust (NYSE:CPT) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,378 shares of the real estate investment trust’s stock after selling 2,116 shares during the period. Camden Property Trust accounts for about 2.6% of Makena Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Makena Capital Management LLC owned 0.08% of Camden Property Trust worth $10,794,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Kings Path Partners LLC acquired a new stake in Camden Property Trust in the 2nd quarter valued at about $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at approximately $33,000. Family Firm Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at approximately $39,000. Versant Capital Management Inc boosted its stake in shares of Camden Property Trust by 2,187.5% during the 2nd 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 period. Finally, American Capital Advisory LLC increased its holdings in shares of Camden Property Trust by 42.7% during the 3rd 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 during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Evercore ISI raised their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Jefferies Financial Group started coverage on Camden Property Trust in a report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective for the company. Finally, Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and increased their target price for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Trading Down 0.6 %

Shares of CPT stock opened at $120.56 on Thursday. Camden Property Trust has a fifty-two week low of $87.51 and a fifty-two week high of $127.69. The stock’s fifty day moving average price is $121.00 and its two-hundred day moving average price is $115.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $12.86 billion, a PE ratio of 38.15, a P/E/G ratio of 4.41 and a beta of 0.91.

Camden Property Trust Dividend Announcement

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

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.