Cerity Partners LLC Has $9.97 Million Stock Position in Camden Property Trust (NYSE:CPT)

Cerity Partners LLC increased its position in shares of Camden Property Trust (NYSE:CPT) by 16.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,675 shares of the real estate investment trust’s stock after acquiring an additional 11,288 shares during the quarter. Cerity Partners LLC owned about 0.08% of Camden Property Trust worth $9,966,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CPT. Duquesne Family Office LLC acquired a new position in Camden Property Trust during the 2nd quarter valued at about $63,056,000. Jennison Associates LLC bought a new stake in shares of Camden Property Trust during the third quarter worth approximately $47,140,000. Robeco Institutional Asset Management B.V. lifted its holdings in Camden Property Trust by 4,254.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust’s stock valued at $42,224,000 after buying an additional 333,961 shares during the period. American Century Companies Inc. boosted its stake in Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after acquiring an additional 217,076 shares during the last quarter. Finally, Empyrean Capital Partners LP acquired a new stake in Camden Property Trust during the 2nd quarter worth $22,913,000. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $125.80 on Wednesday. Camden Property Trust has a 12 month low of $87.61 and a 12 month high of $127.69. The company’s fifty day simple moving average is $120.90 and its 200-day simple moving average is $115.72. The firm has a market cap of $13.42 billion, a PE ratio of 39.81, a P/E/G ratio of 4.48 and a beta of 0.91. 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 Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 3.28%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CPT. Truist Financial raised their price target on Camden Property Trust from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Evercore ISI raised their target price on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Bank of America raised Camden Property Trust from an “underperform” rating to a “buy” rating and upped their price target for the company from $111.00 to $147.00 in a research note on Monday, August 12th. Royal Bank of Canada reduced their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler upped their target price 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. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust presently 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.