Vanguard Group Inc. Purchases 289,425 Shares of Camden Property Trust (NYSE:CPT)

Vanguard Group Inc. increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,291,878 shares of the real estate investment trust’s stock after buying an additional 289,425 shares during the period. Vanguard Group Inc. owned 15.89% of Camden Property Trust worth $1,701,521,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Lindbrook Capital LLC raised its holdings in shares of Camden Property Trust by 90.4% during the first quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 132 shares during the period. Tobam increased its stake in Camden Property Trust by 4,166.7% during the 4th quarter. Tobam now owns 384 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 375 shares during the period. EverSource Wealth Advisors LLC grew its stake in Camden Property Trust by 23.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 119 shares in the last quarter. Quarry LP lifted its position in shares of Camden Property Trust by 1,081.5% during the 4th quarter. Quarry LP now owns 638 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 584 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Camden Property Trust by 99.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 758 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CPT shares. Wells Fargo & Company raised their price target on shares of Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a research note on Friday, May 31st. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. UBS Group raised their target price on Camden Property Trust from $109.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday. 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. Finally, Mizuho reduced their price target on shares of Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of “Hold” and an average target price of $107.75.

Camden Property Trust Stock Up 0.9 %

Shares of CPT stock traded up $1.07 during mid-day trading on Monday, hitting $113.72. The stock had a trading volume of 239,147 shares, compared to its average volume of 976,513. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.43 and a quick ratio of 0.43. Camden Property Trust has a 12-month low of $82.81 and a 12-month high of $115.66. The firm’s 50-day moving average is $107.45 and its two-hundred day moving average is $101.14. The firm has a market capitalization of $12.12 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 4.41 and a beta of 0.88.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.12 dividend on an annualized basis and a yield of 3.62%. Camden Property Trust’s payout ratio is 100.98%.

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.