Camden Property Trust (NYSE:CPT) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in Camden Property Trust (NYSE:CPT) by 1.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 20,829 shares of the real estate investment trust’s stock after selling 224 shares during the period. M&T Bank Corp’s holdings in Camden Property Trust were worth $2,572,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Camden Property Trust by 86.9% in the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after purchasing an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Camden Property Trust by 508.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after buying an additional 790,974 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after acquiring an additional 630,768 shares during the last quarter. Duquesne Family Office LLC acquired a new position in shares of Camden Property Trust during the 2nd quarter valued at about $63,056,000. Finally, Heitman Real Estate Securities LLC lifted its holdings in shares of Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after acquiring an additional 435,495 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.6 %

CPT stock opened at $120.20 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $120.61 and its 200 day simple moving average is $117.27. The stock has a market cap of $12.82 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a dividend yield of 3.43%. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Analysts Set New Price Targets

Several equities analysts recently commented on CPT shares. Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Scotiabank cut their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. BNP Paribas began coverage on Camden Property Trust in a research note on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target for the company. Finally, Evercore ISI lifted 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. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s 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 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.