Harbor Capital Advisors Inc. Decreases Stake in Camden Property Trust (NYSE:CPT)

Harbor Capital Advisors Inc. lowered its position in shares of Camden Property Trust (NYSE:CPT) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,493 shares of the real estate investment trust’s stock after selling 159 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Camden Property Trust were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPT. Centersquare Investment Management LLC lifted its holdings in Camden Property Trust by 64.2% during the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after acquiring an additional 898,398 shares during the period. Duquesne Family Office LLC bought a new stake in shares of Camden Property Trust during the 2nd quarter worth $63,056,000. Vanguard Group Inc. boosted its holdings in shares of Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after buying an additional 289,425 shares during the last quarter. American Century Companies Inc. grew its position in Camden Property Trust by 690.1% during the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after buying an additional 217,076 shares during the period. Finally, Empyrean Capital Partners LP purchased a new stake in Camden Property Trust during the second quarter worth about $22,913,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Shares of NYSE:CPT opened at $118.59 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a market cap of $12.65 billion, a PE ratio of 37.53, a PEG ratio of 4.33 and a beta of 0.91. The company’s fifty day moving average is $121.52 and its 200 day moving average is $113.85. Camden Property Trust has a 52 week low of $85.30 and a 52 week high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CPT. The Goldman Sachs Group started coverage on Camden Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target for the company. Jefferies Financial Group began coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price target for the company. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, BNP Paribas initiated coverage on Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus price target of $122.03.

Camden Property Trust 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.