Atria Investments Inc Has $372,000 Stake in Camden Property Trust (NYSE:CPT)

Atria Investments Inc lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 31.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,008 shares of the real estate investment trust’s stock after selling 1,381 shares during the period. Atria Investments Inc’s holdings in Camden Property Trust were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CPT. Kings Path Partners LLC acquired a new position in Camden Property Trust during the 2nd quarter valued at about $33,000. Federated Hermes Inc. acquired a new position in Camden Property Trust during the 2nd quarter valued at about $33,000. Family Firm Inc. acquired a new position in Camden Property Trust during the 2nd quarter valued at about $39,000. Versant Capital Management Inc lifted its position 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 buying an additional 350 shares in the last quarter. Finally, American Capital Advisory LLC lifted its position 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 buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CPT has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Evercore ISI lifted their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Wedbush lifted their target price on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Camden Property Trust currently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Stock Performance

Shares of CPT opened at $122.01 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a one year low of $87.61 and a one year high of $127.69. The company has a 50-day simple moving average of $121.00 and a two-hundred day simple moving average of $115.29. The firm has a market capitalization of $13.02 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 4.41 and a beta of 0.91.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio is 130.38%.

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 58,250 apartment homes across the United States.