Neo Ivy Capital Management Purchases New Position in Camden Property Trust (NYSE:CPT)

Neo Ivy Capital Management acquired a new stake in Camden Property Trust (NYSE:CPT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 306 shares of the real estate investment trust’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Security National Bank lifted its stake in shares of Camden Property Trust by 1.2% in the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after acquiring an additional 101 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares in the last quarter. American Capital Advisory LLC grew its holdings in shares of 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 worth $53,000 after purchasing an additional 128 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Camden Property Trust by 6.1% in the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 144 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Camden Property Trust by 0.5% in the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Scotiabank lowered their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, BNP Paribas initiated coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Trading Up 0.4 %

NYSE CPT opened at $120.98 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $120.62 and a 200 day simple moving average of $117.15. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69. The firm has a market capitalization of $12.91 billion, a P/E ratio of 38.28, a PEG ratio of 4.45 and a beta of 0.92.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s payout ratio is currently 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.