Apollon Wealth Management LLC Has $436,000 Holdings in Camden Property Trust (NYSE:CPT)

Apollon Wealth Management LLC cut its holdings in shares of Camden Property Trust (NYSE:CPT) by 5.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,531 shares of the real estate investment trust’s stock after selling 188 shares during the quarter. Apollon Wealth Management LLC’s holdings in Camden Property Trust were worth $436,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Security National Bank grew its stake in shares of Camden Property Trust by 1.2% in 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 in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Camden Property Trust by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 113 shares in the last quarter. American Capital Advisory LLC grew its stake in shares of Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Camden Property Trust by 6.1% in 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 buying an additional 144 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of 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 valued at $3,420,000 after buying an additional 146 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

Shares of NYSE CPT opened at $119.77 on Monday. The business has a fifty day simple moving average of $121.10 and a 200 day simple moving average of $115.00. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 4.37 and a beta of 0.91. Camden Property Trust has a one year low of $86.50 and a one year high of $127.69.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.44%. Camden Property Trust’s payout ratio is 130.38%.

Analyst Ratings Changes

Several equities research analysts recently commented on CPT shares. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and boosted their price target for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. Evercore ISI boosted their target price on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. BNP Paribas began coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 target price for the company. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $122.50.

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 58,250 apartment homes across the United States.