Swedbank AB Sells 3,553 Shares of Camden Property Trust (NYSE:CPT)

Swedbank AB trimmed its stake in shares of Camden Property Trust (NYSE:CPT) by 81.2% in the third quarter, HoldingsChannel.com reports. The fund owned 822 shares of the real estate investment trust’s stock after selling 3,553 shares during the quarter. Swedbank AB’s holdings in Camden Property Trust were worth $102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kings Path Partners LLC bought a new stake in shares of Camden Property Trust during the 2nd quarter worth $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust during the 2nd quarter worth $33,000. Family Firm Inc. bought a new position in Camden Property Trust in the second quarter valued at about $39,000. Versant Capital Management Inc raised its position in Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC raised its position in 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 valued at $53,000 after purchasing an additional 128 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Trading Up 1.0 %

Shares of Camden Property Trust stock opened at $127.03 on Friday. 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 has a 52 week low of $87.61 and a 52 week high of $127.69. The stock has a 50 day moving average price of $120.97 and a two-hundred day moving average price of $115.93. The stock has a market capitalization of $13.55 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.52 and a beta of 0.91.

Camden Property Trust Dividend Announcement

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 $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.24%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Analysts Set New Price Targets

Several equities analysts have commented on CPT shares. Deutsche Bank Aktiengesellschaft increased their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Wells Fargo & Company raised Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $104.00 to $127.00 in a research note on Monday, August 26th. The Goldman Sachs Group began coverage on 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. Finally, Scotiabank decreased their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Camden Property Trust currently has a consensus rating of “Hold” and an average 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.