Camden Property Trust (NYSE:CPT) Stock Holdings Increased by HGI Capital Management LLC

HGI Capital Management LLC boosted its stake in Camden Property Trust (NYSE:CPT) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,838 shares of the real estate investment trust’s stock after buying an additional 4,411 shares during the period. Camden Property Trust makes up approximately 5.2% of HGI Capital Management LLC’s portfolio, making the stock its 4th biggest position. HGI Capital Management LLC’s holdings in Camden Property Trust were worth $5,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPT. Swedbank AB purchased a new stake in Camden Property Trust during the first quarter worth about $531,000. GAMMA Investing LLC increased its stake in Camden Property Trust by 30.3% during the second quarter. GAMMA Investing LLC now owns 2,255 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 525 shares during the period. DNB Asset Management AS increased its stake in Camden Property Trust by 16.1% during the second quarter. DNB Asset Management AS now owns 17,382 shares of the real estate investment trust’s stock worth $1,897,000 after purchasing an additional 2,413 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Camden Property Trust during the second quarter worth about $116,000. Finally, Versant Capital Management Inc increased its stake in Camden Property Trust by 2,187.5% during the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 350 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Stock Performance

Shares of CPT opened at $127.03 on Friday. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 4.52 and a beta of 0.91. Camden Property Trust has a 52-week low of $87.61 and a 52-week high of $127.69. The stock has a 50 day moving average price of $120.97 and a 200 day moving average price of $115.93. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a dividend of $1.03 per share. 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 dividend payout ratio (DPR) is presently 130.38%.

Analysts Set New Price Targets

A number of analysts have issued reports on CPT shares. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target on the stock. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. Evercore ISI boosted their price objective on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. BNP Paribas began coverage on Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective for the company. Finally, Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $122.50.

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.