KBC Group NV Buys 115,033 Shares of Camden Property Trust (NYSE:CPT)

KBC Group NV lifted its stake in shares of Camden Property Trust (NYSE:CPT) by 740.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,562 shares of the real estate investment trust’s stock after acquiring an additional 115,033 shares during the quarter. KBC Group NV owned about 0.12% of Camden Property Trust worth $16,129,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Kings Path Partners LLC bought a new position in Camden Property Trust in the 2nd quarter worth $33,000. Federated Hermes Inc. acquired a new stake in shares of Camden Property Trust in the second quarter valued at about $33,000. Family Firm Inc. bought a new position in shares of Camden Property Trust in the second quarter worth about $39,000. Versant Capital Management Inc lifted its position in shares of Camden Property Trust by 2,187.5% during the 2nd 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 last quarter. Finally, American Capital Advisory LLC lifted its position in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.5 %

Shares of CPT opened at $119.77 on Friday. The company has a market capitalization of $12.78 billion, a P/E ratio of 37.90, a PEG ratio of 4.49 and a beta of 0.91. Camden Property Trust has a one year low of $86.50 and a one year high of $127.69. The business’s 50 day simple moving average is $121.10 and its 200-day simple moving average is $114.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s payout ratio is presently 130.38%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CPT. BNP Paribas started coverage on Camden Property Trust in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Wells Fargo & Company upgraded shares of 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 report on Monday, August 26th. Finally, Scotiabank reduced their target price on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.