Bank of Montreal Can Sells 2,900 Shares of Camden Property Trust (NYSE:CPT)

Bank of Montreal Can cut its position in shares of Camden Property Trust (NYSE:CPT) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,305 shares of the real estate investment trust’s stock after selling 2,900 shares during the quarter. Bank of Montreal Can owned about 0.09% of Camden Property Trust worth $12,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kings Path Partners LLC bought a new position in shares of Camden Property Trust during the second quarter valued at about $33,000. Federated Hermes Inc. bought a new position in Camden Property Trust in the 2nd quarter valued at approximately $33,000. Family Firm Inc. bought a new position in Camden Property Trust during the second quarter valued at approximately $39,000. Versant Capital Management Inc lifted its holdings 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 valued at $40,000 after buying an additional 350 shares during the period. Finally, American Capital Advisory LLC increased its holdings in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and upped their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. Royal Bank of Canada lowered their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Truist Financial raised their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and an average price target of $122.50.

Camden Property Trust Stock Performance

CPT stock opened at $125.80 on Monday. The company has a 50-day simple moving average of $120.99 and a 200 day simple moving average of $116.26. The company has a market capitalization of $13.42 billion, a P/E ratio of 39.81, a PEG ratio of 4.59 and a beta of 0.91. Camden Property Trust has a fifty-two week low of $89.01 and a fifty-two week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio is 130.38%.

Camden Property Trust Company 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.