Boston Trust Walden Corp Sells 20,799 Shares of Camden Property Trust $CPT

Boston Trust Walden Corp decreased its position in shares of Camden Property Trust (NYSE:CPT) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 413,707 shares of the real estate investment trust’s stock after selling 20,799 shares during the period. Boston Trust Walden Corp’s holdings in Camden Property Trust were worth $40,018,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its holdings in Camden Property Trust by 73.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,929 shares of the real estate investment trust’s stock valued at $1,013,000 after acquiring an additional 4,206 shares in the last quarter. Rakuten Investment Management Inc. increased its stake in shares of Camden Property Trust by 8.0% during the 3rd quarter. Rakuten Investment Management Inc. now owns 11,509 shares of the real estate investment trust’s stock worth $1,133,000 after purchasing an additional 852 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Camden Property Trust during the 3rd quarter worth approximately $2,528,000. ProShare Advisors LLC increased its stake in shares of Camden Property Trust by 2.3% during the 3rd quarter. ProShare Advisors LLC now owns 19,630 shares of the real estate investment trust’s stock worth $1,899,000 after purchasing an additional 450 shares in the last quarter. Finally, MGO One Seven LLC raised its position in shares of Camden Property Trust by 6.6% during the 3rd quarter. MGO One Seven LLC now owns 5,908 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 367 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

CPT stock opened at $104.51 on Thursday. The firm has a market cap of $10.51 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 7.48 and a beta of 0.75. The stock has a 50-day simple moving average of $100.75 and a 200-day simple moving average of $105.90. Camden Property Trust has a 1 year low of $95.30 and a 1 year high of $119.81. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.18 and a current ratio of 0.18.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, September 30th. Camden Property Trust’s dividend payout ratio is presently 140.40%.

Wall Street Analyst Weigh In

CPT has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on Camden Property Trust from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Cantor Fitzgerald increased their price objective on Camden Property Trust from $102.00 to $111.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Evercore set a $110.00 target price on shares of Camden Property Trust in a research note on Monday, September 21st. Truist Financial reduced their target price on shares of Camden Property Trust from $123.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, September 25th. Finally, Wells Fargo & Company decreased their price target on shares of Camden Property Trust from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $111.62.

Camden Property Trust Profile

Camden Property Trust (NYSE:CPT) is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company’s in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.