State Street Corp Buys 36,528 Shares of Camden Property Trust (NYSE:CPT)

State Street Corp increased its stake in shares of Camden Property Trust (NYSE:CPT) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,118,930 shares of the real estate investment trust’s stock after acquiring an additional 36,528 shares during the period. State Street Corp owned about 0.07% of Camden Property Trust worth $886,693,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in shares of Camden Property Trust by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after purchasing an additional 206,654 shares during the period. FMR LLC grew its holdings in shares of Camden Property Trust by 14.5% during 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after buying an additional 54,475 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Camden Property Trust by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after acquiring an additional 51,742 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after acquiring an additional 630,768 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Scotiabank lowered their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $104.00 to $127.00 in a research note on Monday, August 26th. Royal Bank of Canada reduced their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Jefferies Financial Group began coverage on Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective for the company. Finally, Truist Financial upped their target price on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One 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 stock presently has a consensus rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Stock Performance

NYSE CPT opened at $121.90 on Friday. The stock has a market cap of $13.00 billion, a PE ratio of 38.58, a P/E/G ratio of 4.45 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 firm has a 50-day moving average of $120.68 and a 200-day moving average of $116.76. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 annualized dividend and a yield of 3.38%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

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.