Camden Property Trust (NYSE:CPT) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 0.3% during the first quarter, HoldingsChannel.com reports. The firm owned 61,079 shares of the real estate investment trust’s stock after purchasing an additional 207 shares during the period. State of Alaska Department of Revenue’s holdings in Camden Property Trust were worth $6,008,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Azzad Asset Management Inc. ADV grew its position in Camden Property Trust by 4.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 16,767 shares of the real estate investment trust’s stock worth $1,650,000 after buying an additional 763 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Camden Property Trust by 50.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,891 shares of the real estate investment trust’s stock worth $1,564,000 after acquiring an additional 5,300 shares in the last quarter. Silvia Mccoll Wealth Management LLC grew its holdings in shares of Camden Property Trust by 31.0% in the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 3,910 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 925 shares during the period. Financial Management Professionals Inc. increased its stake in Camden Property Trust by 18.3% in the 1st quarter. Financial Management Professionals Inc. now owns 3,333 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 515 shares in the last quarter. Finally, ERn Financial LLC raised its holdings in Camden Property Trust by 2.0% during the first quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock worth $604,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

CPT stock opened at $107.50 on Thursday. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 4.26 and a beta of 0.88. The stock’s fifty day simple moving average is $105.74 and its 200-day simple moving average is $100.18. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.71.

Camden Property Trust Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wedbush upped their target price on Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Truist Financial increased their price objective on shares of Camden Property Trust from $114.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, June 24th. UBS Group raised their target price on shares of Camden Property Trust from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Wells Fargo & Company upped their price target on shares of Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.31.

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 58,634 apartment homes across the United States.