Camden Property Trust (NYSE:CPT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its holdings in Camden Property Trust (NYSE:CPT) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 57,175 shares of the real estate investment trust’s stock after selling 982 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Camden Property Trust worth $7,063,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. acquired a new position in Camden Property Trust in the third quarter valued at approximately $1,660,000. Stoneridge Investment Partners LLC bought a new stake in shares of Camden Property Trust in the 3rd quarter worth approximately $2,913,000. Highland Capital Management LLC acquired a new position in Camden Property Trust during the 3rd quarter valued at approximately $826,000. Harvest Portfolios Group Inc. grew its stake in Camden Property Trust by 242.8% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 12,880 shares of the real estate investment trust’s stock worth $1,591,000 after buying an additional 9,123 shares during the last quarter. Finally, FMR LLC increased its position 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 buying an additional 416,701 shares during the period. Institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CPT. Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Jefferies Financial Group initiated 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. JPMorgan Chase & Co. lifted their price target on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, September 16th. The Goldman Sachs Group started coverage on Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective for the company. Finally, Truist Financial lifted their target price on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Stock Performance

NYSE:CPT opened at $121.47 on Friday. The company has a 50-day moving average of $120.71 and a 200-day moving average of $116.57. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 4.47 and a beta of 0.92. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

Camden Property Trust Company 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.