FSM Wealth Advisors LLC Purchases Shares of 1,965 Camden Property Trust (NYSE:CPT)

FSM Wealth Advisors LLC purchased a new stake in shares of Camden Property Trust (NYSE:CPT) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 1,965 shares of the real estate investment trust’s stock, valued at approximately $243,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock worth $1,701,521,000 after purchasing an additional 289,425 shares during the period. Victory Capital Management Inc. lifted its position in shares of Camden Property Trust by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after purchasing an additional 206,654 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Camden Property Trust by 64.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock worth $228,939,000 after purchasing an additional 898,398 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after purchasing an additional 54,475 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Camden Property Trust by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock worth $144,933,000 after purchasing an additional 7,722 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Up 1.8 %

NYSE:CPT opened at $118.00 on Wednesday. The firm has a market cap of $12.58 billion, a P/E ratio of 37.34, a P/E/G ratio of 4.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.37 and a current ratio of 0.15. Camden Property Trust has a fifty-two week low of $85.30 and a fifty-two week high of $127.69. The firm has a 50-day simple moving average of $121.77 and a two-hundred day simple moving average of $113.79.

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 paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.49%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their target price for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. BNP Paribas initiated coverage on shares of Camden Property Trust in a research report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price target for the company. Finally, The Goldman Sachs Group initiated 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 target for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $122.03.

About Camden Property Trust

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.