Heitman Real Estate Securities LLC Grows Stake in Camden Property Trust (NYSE:CPT)

Heitman Real Estate Securities LLC increased its position in Camden Property Trust (NYSE:CPT) by 3,155.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 449,295 shares of the real estate investment trust’s stock after purchasing an additional 435,495 shares during the period. Camden Property Trust accounts for 3.0% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 11th biggest position. Heitman Real Estate Securities LLC owned approximately 0.42% of Camden Property Trust worth $55,501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CPT. Swedbank AB bought a new stake in Camden Property Trust in the 1st quarter worth about $531,000. GAMMA Investing LLC grew its holdings in Camden Property Trust by 30.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,255 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 525 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Camden Property Trust by 16.1% in the second quarter. DNB Asset Management AS now owns 17,382 shares of the real estate investment trust’s stock worth $1,897,000 after purchasing an additional 2,413 shares during the last quarter. Versant Capital Management Inc raised its stake in Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 350 shares in the last quarter. Finally, First Affirmative Financial Network bought a new stake in Camden Property Trust during the second quarter worth approximately $203,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $123.96 on Tuesday. The business has a fifty day simple moving average of $120.93 and a 200-day simple moving average of $116.38. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The stock has a market cap of $13.22 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 4.59 and a beta of 0.92. Camden Property Trust has a 12 month low of $90.50 and a 12 month high of $127.69.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were given 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 3.32%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Wall Street Analysts Forecast Growth

CPT has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $139.00 target price for the company. Piper Sandler raised their price target on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada dropped their price objective on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Evercore ISI increased their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.