Chilton Capital Management LLC cut its stake in Camden Property Trust (NYSE:CPT – Free Report) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,632 shares of the real estate investment trust’s stock after selling 1,439 shares during the quarter. Chilton Capital Management LLC owned 0.15% of Camden Property Trust worth $17,798,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in CPT. IFP Advisors Inc raised its stake in Camden Property Trust by 45.7% during the 2nd quarter. IFP Advisors Inc now owns 322 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 101 shares during the period. Cape Investment Advisory Inc. bought a new stake in shares of Camden Property Trust during the 1st quarter valued at $37,000. Tsfg LLC purchased a new position in shares of Camden Property Trust during the 1st quarter valued at $40,000. National Pension Service boosted its holdings in Camden Property Trust by 74.2% in the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 167 shares during the period. Finally, Private Trust Co. NA raised its holdings in Camden Property Trust by 117.7% during the second quarter. Private Trust Co. NA now owns 431 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 233 shares during the period. Institutional investors own 97.22% of the company’s stock.
Camden Property Trust Stock Up 0.2%
Shares of CPT opened at $105.21 on Friday. The company has a market cap of $11.24 billion, a PE ratio of 73.57, a P/E/G ratio of 3.56 and a beta of 0.80. The business has a fifty day moving average of $106.79 and a 200 day moving average of $111.36. Camden Property Trust has a 52-week low of $100.60 and a 52-week high of $127.65. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.82.
Camden Property Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 30th. Camden Property Trust’s dividend payout ratio is presently 293.71%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on CPT. Wall Street Zen upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Citigroup reduced their target price on Camden Property Trust from $138.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Scotiabank cut their price target on Camden Property Trust from $136.00 to $133.00 and set a “sector perform” rating for the company in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camden Property Trust in a research note on Friday. Finally, Barclays lowered their target price on Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating for the company in a research report on Tuesday, September 30th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Camden Property Trust has an average rating of “Hold” and a consensus target price of $121.61.
Read Our Latest Stock Report on Camden Property Trust
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.
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