Wilmington Savings Fund Society FSB Invests $180,000 in Camden Property Trust (NYSE:CPT)

Wilmington Savings Fund Society FSB acquired a new stake in Camden Property Trust (NYSE:CPT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,457 shares of the real estate investment trust’s stock, valued at approximately $180,000.

A number of other institutional investors also recently bought and sold shares of CPT. Kings Path Partners LLC purchased a new stake in shares of Camden Property Trust during the second quarter valued at $33,000. Federated Hermes Inc. purchased a new stake in Camden Property Trust during the 2nd quarter valued at about $33,000. Neo Ivy Capital Management acquired a new position in shares of Camden Property Trust in the third quarter valued at about $38,000. Family Firm Inc. acquired a new position in shares of Camden Property Trust in the second quarter valued at about $39,000. Finally, American Capital Advisory LLC raised its stake in shares of Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

NYSE:CPT opened at $113.35 on Thursday. 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 stock has a market capitalization of $12.09 billion, a PE ratio of 35.87, a P/E/G ratio of 4.40 and a beta of 0.92. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The company has a fifty day moving average of $120.59 and a two-hundred day moving average of $117.75.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 annualized dividend and a dividend yield of 3.63%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CPT shares. Barclays assumed coverage on shares of Camden Property Trust in a report on Tuesday. They issued an “overweight” rating and a $138.00 price target on the stock. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 target price for the company. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and increased their price target for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, Truist Financial boosted their price objective on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $125.81.

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.