Camden Property Trust (NYSE:CPT) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its position in shares of Camden Property Trust (NYSE:CPT) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,531 shares of the real estate investment trust’s stock after selling 188 shares during the period. Apollon Wealth Management LLC’s holdings in Camden Property Trust were worth $436,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Kings Path Partners LLC acquired a new stake in shares of Camden Property Trust in the second quarter valued at about $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. acquired a new stake in Camden Property Trust during the second quarter worth about $39,000. Versant Capital Management Inc increased its position in Camden Property Trust by 2,187.5% during the second 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 increased its position in Camden Property Trust by 42.7% during 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. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CPT shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. BNP Paribas initiated coverage on shares of Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price target for the company. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Piper Sandler raised their price objective on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, The Goldman Sachs Group started 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 equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Trading Down 0.5 %

NYSE:CPT opened at $119.77 on Monday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1-year low of $86.50 and a 1-year high of $127.69. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 37.90, a price-to-earnings-growth ratio of 4.37 and a beta of 0.91. The stock has a fifty day simple moving average of $121.10 and a 200 day simple moving average of $115.00.

Camden Property Trust Announces Dividend

The firm 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. 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 3.44%. Camden Property Trust’s payout ratio is presently 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.