Azzad Asset Management Inc. ADV Boosts Stock Position in Camden Property Trust (NYSE:CPT)

Azzad Asset Management Inc. ADV increased its stake in shares of Camden Property Trust (NYSE:CPT) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,767 shares of the real estate investment trust’s stock after purchasing an additional 763 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Camden Property Trust were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPT. Tobam increased its position in Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 375 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 119 shares during the last quarter. Quarry LP boosted its stake in Camden Property Trust by 1,081.5% in the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 584 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Camden Property Trust in the 3rd quarter worth about $69,000. Finally, Parkside Financial Bank & Trust boosted its stake in Camden Property Trust by 99.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Camden Property Trust stock opened at $107.50 on Thursday. The stock’s 50 day moving average price is $105.74 and its 200 day moving average price is $100.18. The firm has a market capitalization of $11.45 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 4.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. Camden Property Trust has a one year low of $82.81 and a one year high of $114.04.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.03 per share. The ex-dividend date is Friday, June 28th. This represents a $4.12 annualized dividend and a yield of 3.83%. Camden Property Trust’s dividend payout ratio is presently 100.98%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPT. Royal Bank of Canada raised their price target on Camden Property Trust from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Wells Fargo & Company raised their price target on Camden Property Trust from $92.00 to $104.00 and gave the stock an “underweight” rating in a research note on Friday, May 31st. Wedbush lifted their price objective on Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Truist Financial lifted their price objective on Camden Property Trust from $114.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, StockNews.com raised Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $107.31.

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 58,634 apartment homes across the United States.