Camden Property Trust (NYSE:CPT) Stock Position Reduced by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its position in Camden Property Trust (NYSE:CPT) by 62.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,849 shares of the real estate investment trust’s stock after selling 22,768 shares during the quarter. Edgestream Partners L.P.’s holdings in Camden Property Trust were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Camden Property Trust by 508.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after purchasing an additional 790,974 shares during the last quarter. Duquesne Family Office LLC acquired a new stake in Camden Property Trust during the second quarter worth about $63,056,000. FMR LLC lifted its holdings in Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after acquiring an additional 416,701 shares during the last quarter. Jennison Associates LLC bought a new position in Camden Property Trust in the third quarter worth about $47,140,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Camden Property Trust by 4,254.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust’s stock valued at $42,224,000 after purchasing an additional 333,961 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Price Performance

NYSE CPT opened at $122.63 on Wednesday. The stock has a market capitalization of $13.08 billion, a P/E ratio of 38.81, a P/E/G ratio of 4.52 and a beta of 0.92. 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 business’s fifty day moving average is $120.85 and its two-hundred day moving average is $116.50. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust’s dividend payout ratio is 130.38%.

Wall Street Analysts Forecast Growth

CPT has been the topic of several recent research reports. Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and raised their price target for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Evercore ISI boosted 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 report on Monday, September 16th. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective on the stock. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price objective for the company from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Camden Property Trust presently has an average 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.