Sunbelt Securities Inc. Grows Stake in Camden Property Trust (NYSE:CPT)

Sunbelt Securities Inc. lifted its stake in Camden Property Trust (NYSE:CPT) by 316.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 832 shares of the real estate investment trust’s stock after buying an additional 632 shares during the period. Sunbelt Securities Inc.’s holdings in Camden Property Trust were worth $103,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CPT. Toronto Dominion Bank boosted its holdings in Camden Property Trust by 1.3% in the 3rd quarter. Toronto Dominion Bank now owns 52,669 shares of the real estate investment trust’s stock worth $6,506,000 after acquiring an additional 690 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Camden Property Trust in the third quarter valued at $38,000. Geode Capital Management LLC boosted its stake in shares of Camden Property Trust by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust’s stock valued at $337,394,000 after purchasing an additional 20,097 shares during the period. First Sabrepoint Capital Management LP grew its holdings in Camden Property Trust by 6.7% during the 3rd quarter. First Sabrepoint Capital Management LP now owns 80,000 shares of the real estate investment trust’s stock valued at $9,882,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Barclays PLC increased its stake in Camden Property Trust by 45.4% during the 3rd quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust’s stock worth $50,371,000 after buying an additional 127,358 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.6 %

Shares of NYSE:CPT opened at $120.17 on Friday. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm has a market cap of $12.82 billion, a P/E ratio of 38.03, a P/E/G ratio of 4.40 and a beta of 0.92. The company has a 50 day moving average of $120.61 and a 200-day moving average of $117.38.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, December 18th. Camden Property Trust’s dividend payout ratio is presently 130.38%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CPT shares. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. The Goldman Sachs Group started coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target for the company. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. Finally, StockNews.com lowered shares of Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. 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’s stock. Based on data from MarketBeat.com, Camden Property Trust presently has an average rating of “Hold” and an average target price of $122.50.

Camden Property Trust Company 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.