Vinva Investment Management Ltd Buys New Shares in Camden Property Trust (NYSE:CPT)

Vinva Investment Management Ltd purchased a new stake in shares of Camden Property Trust (NYSE:CPT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,971 shares of the real estate investment trust’s stock, valued at approximately $1,234,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kings Path Partners LLC bought a new position in Camden Property Trust during the second quarter valued at about $33,000. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust in the second quarter worth about $33,000. Family Firm Inc. purchased a new stake in Camden Property Trust in the second quarter valued at approximately $39,000. Versant Capital Management Inc raised its stake in Camden Property Trust by 2,187.5% in 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, American Capital Advisory LLC grew its position in Camden Property Trust by 42.7% during the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 1.1 %

CPT stock opened at $125.66 on Friday. The stock has a market capitalization of $13.41 billion, a P/E ratio of 39.77, a P/E/G ratio of 4.63 and a beta of 0.91. Camden Property Trust has a 52 week low of $89.01 and a 52 week high of $127.69. The firm has a 50-day simple moving average of $120.98 and a 200-day simple moving average of $116.01. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.28%. Camden Property Trust’s payout ratio is 130.38%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank of Canada reduced their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. Evercore ISI increased 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 note on Monday, September 16th. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and boosted their target price for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Scotiabank cut their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 price objective for the company. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $122.50.

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.