Camden Property Trust (NYSE:CPT) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in shares of Camden Property Trust (NYSE:CPT) by 18.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,497 shares of the real estate investment trust’s stock after selling 78,841 shares during the quarter. BNP Paribas Financial Markets’ holdings in Camden Property Trust were worth $43,915,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Victory Capital Management Inc. grew its stake in Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after acquiring an additional 206,654 shares in the last quarter. FMR LLC grew its position in shares of Camden Property Trust by 14.5% in the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock valued at $407,324,000 after purchasing an additional 416,701 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Camden Property Trust by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock valued at $174,299,000 after purchasing an additional 54,475 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Camden Property Trust by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock valued at $185,140,000 after purchasing an additional 51,742 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its position in Camden Property Trust by 4.1% during the second quarter. Maverick Capital Ltd. now owns 1,167,785 shares of the real estate investment trust’s stock worth $127,417,000 after buying an additional 46,327 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BNP Paribas initiated coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price for the company. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Wedbush boosted their target price on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their price target for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Finally, Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $122.50.

Camden Property Trust Price Performance

Shares of CPT opened at $127.03 on Friday. The company has a market cap of $13.55 billion, a P/E ratio of 40.20, a PEG ratio of 4.52 and a beta of 0.91. Camden Property Trust has a fifty-two week low of $87.61 and a fifty-two week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average price is $120.97 and its 200 day moving average price is $115.93.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s payout ratio is currently 130.38%.

Camden Property Trust 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.