Camden Property Trust (NYSE:CPT) Shares Purchased by Financial Management Professionals Inc.

Financial Management Professionals Inc. boosted its stake in Camden Property Trust (NYSE:CPT) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,333 shares of the real estate investment trust’s stock after acquiring an additional 515 shares during the period. Financial Management Professionals Inc.’s holdings in Camden Property Trust were worth $328,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Tobam increased its stake in shares of Camden Property Trust by 4,166.7% during the fourth quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 375 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 119 shares during the period. Quarry LP increased its stake in shares of Camden Property Trust by 1,081.5% during the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 584 shares during the period. Federated Hermes Inc. acquired a new position in shares of Camden Property Trust during the third quarter worth about $69,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Camden Property Trust by 99.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Ratings Changes

CPT has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Camden Property Trust from $114.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Piper Sandler raised shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $90.00 to $110.00 in a research note on Monday, May 6th. Wells Fargo & Company upped their price target on shares of Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a research note on Friday, May 31st. Mizuho lowered their price target on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Finally, Royal Bank of Canada upped their price target on shares of Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $107.31.

Camden Property Trust Stock Up 0.4 %

Shares of NYSE CPT opened at $109.11 on Friday. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $114.04. The firm’s 50 day moving average price is $105.14 and its 200 day moving average price is $100.00. The firm has a market cap of $11.62 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 4.30 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.78%. Camden Property Trust’s dividend payout ratio (DPR) is currently 100.98%.

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 58,634 apartment homes across the United States.