BNP Paribas Financial Markets Decreases Position in Camden Property Trust (NYSE:CPT)

BNP Paribas Financial Markets trimmed its holdings in shares of Camden Property Trust (NYSE:CPT) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,497 shares of the real estate investment trust’s stock after selling 78,841 shares during the quarter. BNP Paribas Financial Markets owned 0.33% of Camden Property Trust worth $43,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Duquesne Family Office LLC purchased a new stake in shares of Camden Property Trust during the second quarter worth about $63,056,000. FMR LLC boosted its stake in Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after purchasing an additional 416,701 shares in the last quarter. Jennison Associates LLC purchased a new stake in Camden Property Trust during the 3rd quarter worth approximately $47,140,000. Robeco Institutional Asset Management B.V. increased its stake in Camden Property Trust by 4,254.8% during the 3rd 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 purchasing an additional 333,961 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of 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 worth $27,117,000 after buying an additional 217,076 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

NYSE:CPT 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. The stock has a market capitalization of $13.55 billion, a PE ratio of 40.20, a P/E/G ratio of 4.52 and a beta of 0.91. Camden Property Trust has a fifty-two week low of $87.61 and a fifty-two week high of $127.69. The company has a fifty day moving average of $120.97 and a two-hundred day moving average of $115.93.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a dividend of $1.03 per share. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.24%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPT. Wedbush upped their target price 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. Royal Bank of Canada cut their price objective on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Piper Sandler lifted their target price on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their price target for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Finally, The Goldman Sachs Group began coverage on shares of Camden Property Trust in a report on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective on the stock. One equities 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’s stock. Based on data from MarketBeat, Camden Property Trust has a consensus rating of “Hold” and a consensus 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.