Toronto Dominion Bank Boosts Stock Position in Camden Property Trust (NYSE:CPT)

Toronto Dominion Bank increased its stake in shares of Camden Property Trust (NYSE:CPT) by 1.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 52,669 shares of the real estate investment trust’s stock after acquiring an additional 690 shares during the quarter. Toronto Dominion Bank’s holdings in Camden Property Trust were worth $6,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in shares of Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock worth $243,952,000 after acquiring an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Camden Property Trust by 508.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after purchasing an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after purchasing an additional 630,768 shares during the last quarter. Duquesne Family Office LLC purchased a new stake in shares of Camden Property Trust in the 2nd quarter valued at approximately $63,056,000. Finally, Heitman Real Estate Securities LLC increased its holdings in shares of Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock worth $55,501,000 after buying an additional 435,495 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Camden Property Trust Trading Down 0.6 %

NYSE:CPT opened at $120.17 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 1 year low of $90.50 and a 1 year high of $127.69. The stock has a market cap of $12.82 billion, a P/E ratio of 38.03, a P/E/G ratio of 4.40 and a beta of 0.92. The stock has a 50-day simple moving average of $120.61 and a 200-day simple moving average of $117.38.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler increased their price objective on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Wells Fargo & Company upgraded Camden Property Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $104.00 to $127.00 in a report on Monday, August 26th. Truist Financial upped their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Jefferies Financial Group started coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 target price for the company. Finally, BNP Paribas assumed coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a “neutral” rating and a $129.00 price objective on the stock. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $122.50.

Camden Property Trust 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.