BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $2.20 Million Stock Position in Camden Property Trust (NYSE:CPT)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in shares of Camden Property Trust (NYSE:CPT) by 13.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,774 shares of the real estate investment trust’s stock after selling 2,712 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Camden Property Trust were worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kings Path Partners LLC acquired a new stake in Camden Property Trust in the 2nd quarter valued at about $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust in the second quarter valued at approximately $33,000. Family Firm Inc. bought a new position in Camden Property Trust in the second quarter valued at approximately $39,000. American Capital Advisory LLC increased its stake in Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new position in Camden Property Trust in the third quarter valued at approximately $62,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $111.00 to $147.00 in a research note on Monday, August 12th. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Royal Bank of Canada cut their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. Evercore ISI raised their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Trading Down 0.4 %

CPT opened at $122.12 on Thursday. 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 fifty day moving average price of $120.77 and a two-hundred day moving average price of $116.54. The company has a market cap of $13.03 billion, a P/E ratio of 38.65, a price-to-earnings-growth ratio of 4.52 and a beta of 0.92. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.37%. Camden Property Trust’s 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.