1832 Asset Management L.P. Sells 80,900 Shares of Camden Property Trust (NYSE:CPT)

1832 Asset Management L.P. lowered its stake in Camden Property Trust (NYSE:CPT) by 55.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 64,021 shares of the real estate investment trust’s stock after selling 80,900 shares during the quarter. 1832 Asset Management L.P.’s holdings in Camden Property Trust were worth $6,300,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. William Blair Investment Management LLC increased its stake in shares of Camden Property Trust by 3.8% in the 1st quarter. William Blair Investment Management LLC now owns 3,002 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 109 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Camden Property Trust by 0.7% in the 1st quarter. IFM Investors Pty Ltd now owns 17,866 shares of the real estate investment trust’s stock valued at $1,758,000 after acquiring an additional 118 shares in the last quarter. ERn Financial LLC increased its stake in shares of Camden Property Trust by 2.0% in the 1st quarter. ERn Financial LLC now owns 6,136 shares of the real estate investment trust’s stock valued at $604,000 after acquiring an additional 118 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Camden Property Trust by 23.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 636 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 119 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Camden Property Trust by 90.4% in the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Up 1.9 %

CPT traded up $2.10 during mid-day trading on Friday, reaching $113.01. 756,273 shares of the stock were exchanged, compared to its average volume of 653,522. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $12.04 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 4.34 and a beta of 0.88. The company has a 50 day moving average price of $108.03 and a two-hundred day moving average price of $101.59. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $115.66.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, June 28th. Camden Property Trust’s dividend payout ratio is 100.98%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Truist Financial boosted their price target on shares of Camden Property Trust from $114.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Wells Fargo & Company boosted their price target on shares of Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a research note on Friday, May 31st. Finally, Morgan Stanley boosted their price target on shares of Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus price target of $107.75.

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 58,634 apartment homes across the United States.