Camden Property Trust (NYSE:CPT) Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of Camden Property Trust (NYSE:CPT) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the real estate investment trust’s stock after acquiring an additional 155 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Camden Property Trust were worth $371,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CPT. Mutual of America Capital Management LLC boosted its stake in Camden Property Trust by 1.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 29,150 shares of the real estate investment trust’s stock valued at $2,868,000 after acquiring an additional 464 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Camden Property Trust by 11.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,087 shares of the real estate investment trust’s stock worth $894,000 after purchasing an additional 940 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Camden Property Trust by 32.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,577 shares of the real estate investment trust’s stock worth $1,926,000 after purchasing an additional 4,810 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Camden Property Trust by 59.4% during the first quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust’s stock worth $1,853,000 after purchasing an additional 7,018 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Camden Property Trust during the first quarter worth $2,430,000. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPT. Wedbush increased their target price on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Evercore ISI increased their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, UBS Group increased their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and an average price target of $122.03.

Camden Property Trust Stock Performance

NYSE:CPT opened at $121.74 on Friday. Camden Property Trust has a twelve month low of $85.30 and a twelve month high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $121.45 and a 200-day moving average of $114.12. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 4.39 and a beta of 0.91.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.38%. Camden Property Trust’s dividend payout ratio (DPR) is 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.