Advisors Asset Management Inc. Sells 2,887 Shares of Camden Property Trust (NYSE:CPT)

Advisors Asset Management Inc. lessened its stake in shares of Camden Property Trust (NYSE:CPT) by 36.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,105 shares of the real estate investment trust’s stock after selling 2,887 shares during the quarter. Advisors Asset Management Inc.’s holdings in Camden Property Trust were worth $631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPT. Security National Bank boosted its position in Camden Property Trust by 1.2% during the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock valued at $902,000 after buying an additional 101 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC increased its holdings in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 128 shares during the period. Raymond James Trust N.A. raised its position in Camden Property Trust by 6.1% during the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 144 shares during the last quarter. Finally, ProShare Advisors LLC lifted 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 worth $3,420,000 after buying an additional 146 shares during the period. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Up 1.5 %

Shares of Camden Property Trust stock opened at $125.80 on Wednesday. The company has a 50-day simple moving average of $120.90 and a two-hundred day simple moving average of $115.72. Camden Property Trust has a 52-week low of $87.61 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $13.42 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 4.48 and a beta of 0.91.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s payout ratio is 130.38%.

Analysts Set New Price Targets

A number of brokerages recently commented on CPT. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and upped their target price for the company from $111.00 to $147.00 in a report on Monday, August 12th. Truist Financial upped their price objective 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. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $104.00 to $127.00 in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus price target 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.