Public Sector Pension Investment Board Purchases 104,868 Shares of Camden Property Trust (NYSE:CPT)

Public Sector Pension Investment Board raised its position in shares of Camden Property Trust (NYSE:CPT) by 709.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,644 shares of the real estate investment trust’s stock after acquiring an additional 104,868 shares during the period. Public Sector Pension Investment Board’s holdings in Camden Property Trust were worth $14,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Security National Bank grew its holdings in shares of Camden Property Trust by 1.2% in the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock worth $902,000 after purchasing an additional 101 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC grew its holdings in shares of Camden Property Trust by 42.7% in the third 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. Raymond James Trust N.A. grew its holdings in shares of Camden Property Trust by 6.1% in the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 144 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Camden Property Trust by 0.5% in the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock worth $3,420,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CPT shares. BNP Paribas started coverage on shares of Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price target on the stock. Truist Financial upped their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Royal Bank of Canada lowered their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. Finally, The Goldman Sachs Group began coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $122.50.

Camden Property Trust Stock Up 1.0 %

Shares of NYSE:CPT opened at $127.03 on Friday. The business has a 50-day moving average price of $120.97 and a 200 day moving average price of $115.93. 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 company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 4.52 and a beta of 0.91. Camden Property Trust has a 12-month low of $87.61 and a 12-month high of $127.69.

Camden Property Trust Dividend Announcement

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

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.