Versant Capital Management Inc Has $83,000 Stake in Camden Property Trust (NYSE:CPT)

Versant Capital Management Inc boosted its holdings in Camden Property Trust (NYSE:CPT) by 77.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 716 shares of the real estate investment trust’s stock after purchasing an additional 313 shares during the quarter. Versant Capital Management Inc’s holdings in Camden Property Trust were worth $83,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPT. Principal Financial Group Inc. raised its holdings in shares of Camden Property Trust by 10.5% in the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after acquiring an additional 51,097 shares during the last quarter. SMART Wealth LLC purchased a new stake in shares of Camden Property Trust in the third quarter worth approximately $829,000. Franklin Resources Inc. lifted its holdings in shares of Camden Property Trust by 3.2% in the third quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after purchasing an additional 5,985 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Camden Property Trust by 22.2% during the third quarter. Tidal Investments LLC now owns 70,285 shares of the real estate investment trust’s stock valued at $8,682,000 after buying an additional 12,774 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Camden Property Trust during the third quarter worth $180,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Up 2.1 %

Shares of CPT opened at $117.07 on Friday. The firm has a market cap of $12.49 billion, a P/E ratio of 37.05, a P/E/G ratio of 4.40 and a beta of 0.92. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69. The stock has a 50 day simple moving average of $119.47 and a two-hundred day simple moving average of $118.42. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore ISI raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Scotiabank dropped their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock. Royal Bank of Canada cut their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Finally, Barclays began coverage on shares of Camden Property Trust in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $138.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $125.81.

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.