Oppenheimer Asset Management Inc. Sells 2,009 Shares of Camden Property Trust (NYSE:CPT)

Oppenheimer Asset Management Inc. reduced its position in shares of Camden Property Trust (NYSE:CPT) by 10.3% in the third quarter, Holdings Channel reports. The fund owned 17,418 shares of the real estate investment trust’s stock after selling 2,009 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Camden Property Trust were worth $2,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kings Path Partners LLC purchased a new stake in Camden Property Trust during the second quarter valued at $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust in the 2nd quarter worth about $33,000. Family Firm Inc. purchased a new stake in shares of Camden Property Trust during the 2nd quarter valued at about $39,000. Versant Capital Management Inc lifted its holdings 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 valued at $40,000 after acquiring an additional 350 shares during the last quarter. Finally, American Capital Advisory LLC lifted its holdings 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 valued at $53,000 after acquiring an additional 128 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPT. Wedbush upped their price objective on Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price target for the company from $111.00 to $147.00 in a report on Monday, August 12th. The Goldman Sachs Group assumed coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price objective for the company. BNP Paribas started coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 target price on the stock. Finally, Evercore ISI lifted their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $122.50.

Camden Property Trust Trading Down 0.5 %

CPT opened at $119.77 on Friday. Camden Property Trust has a 52 week low of $86.50 and a 52 week high of $127.69. The company has a market capitalization of $12.78 billion, a P/E ratio of 37.90, a PEG ratio of 4.49 and a beta of 0.91. The stock’s fifty day moving average is $121.10 and its two-hundred day moving average is $114.88. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.44%. Camden Property Trust’s payout ratio is currently 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.