Camden Property Trust (NYSE:CPT) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in Camden Property Trust (NYSE:CPT) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,079 shares of the real estate investment trust’s stock after acquiring an additional 207 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Camden Property Trust worth $6,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tobam grew its position in Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 375 shares during the period. EverSource Wealth Advisors LLC raised its position in 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 valued at $63,000 after acquiring an additional 119 shares in the last quarter. Quarry LP lifted its holdings in Camden Property Trust by 1,081.5% in the fourth quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 584 shares during the period. Federated Hermes Inc. acquired a new position in Camden Property Trust in the third quarter valued at approximately $69,000. Finally, Parkside Financial Bank & Trust boosted its position in Camden Property Trust by 99.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

NYSE:CPT opened at $107.50 on Thursday. The company has a market cap of $11.45 billion, a P/E ratio of 26.35, a P/E/G ratio of 4.26 and a beta of 0.88. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04. The company’s 50-day moving average price is $105.74 and its 200-day moving average price is $100.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, June 28th. Camden Property Trust’s dividend payout ratio (DPR) is 100.98%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CPT shares. UBS Group boosted their target price on shares of Camden Property Trust from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Royal Bank of Canada upped their price objective on shares of Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Piper Sandler upgraded Camden Property Trust from an “underweight” rating to a “neutral” rating and raised their target price for the company from $90.00 to $110.00 in a research report on Monday, May 6th. Mizuho reduced their price target on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Finally, StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $107.31.

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.