Wealth Enhancement Advisory Services LLC Has $371,000 Stock Position in Camden Property Trust (NYSE:CPT)

Wealth Enhancement Advisory Services LLC grew its position in Camden Property Trust (NYSE:CPT) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,000 shares of the real estate investment trust’s stock after purchasing an additional 155 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Camden Property Trust were worth $371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Centersquare Investment Management LLC lifted its position in shares of Camden Property Trust by 64.2% in 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 purchasing an additional 898,398 shares in the last quarter. Duquesne Family Office LLC purchased a new stake in shares of Camden Property Trust in the second quarter worth approximately $63,056,000. Vanguard Group Inc. lifted its position in shares of Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after purchasing an additional 289,425 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock worth $27,117,000 after purchasing an additional 217,076 shares in the last quarter. Finally, Empyrean Capital Partners LP purchased a new stake in shares of Camden Property Trust in the second quarter worth approximately $22,913,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Up 2.7 %

CPT opened at $121.74 on Friday. Camden Property Trust has a fifty-two week low of $85.30 and a fifty-two week high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.37. The firm’s fifty day moving average price is $121.45 and its two-hundred day moving average price is $114.12. The company has a market capitalization of $12.99 billion, a P/E ratio of 38.53, a P/E/G ratio of 4.39 and a beta of 0.91.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.38%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CPT. Wedbush increased their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Jefferies Financial Group started 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 objective on the stock. StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price target on the stock. Finally, Wells Fargo & Company raised shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $104.00 to $127.00 in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and a consensus target price 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.