Public Sector Pension Investment Board Increases Stock Position in Camden Property Trust (NYSE:CPT)

Public Sector Pension Investment Board lifted its stake in Camden Property Trust (NYSE:CPT) by 709.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,644 shares of the real estate investment trust’s stock after purchasing an additional 104,868 shares during the quarter. Public Sector Pension Investment Board owned 0.11% of Camden Property Trust worth $14,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Kings Path Partners LLC purchased a new position in shares of Camden Property Trust in the 2nd quarter worth about $33,000. Federated Hermes Inc. purchased a new position in shares of Camden Property Trust in the 2nd quarter worth about $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust in the 2nd quarter worth about $39,000. Versant Capital Management Inc raised its position in shares of Camden Property Trust by 2,187.5% in 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 raised its position in shares of Camden Property Trust by 42.7% in 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. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Trading Up 1.0 %

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

Camden Property Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CPT shares. BNP Paribas started coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective for the company. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Scotiabank reduced their price objective on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. 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. Finally, Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock 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 issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.