Bank of Montreal Can Has $12.41 Million Stock Position in Camden Property Trust (NYSE:CPT)

Bank of Montreal Can trimmed its position in shares of Camden Property Trust (NYSE:CPT) by 2.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 100,305 shares of the real estate investment trust’s stock after selling 2,900 shares during the quarter. Bank of Montreal Can’s holdings in Camden Property Trust were worth $12,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in Camden Property Trust by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock valued at $470,704,000 after buying an additional 206,654 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust’s stock worth $174,299,000 after purchasing an additional 54,475 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Camden Property Trust by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust’s stock worth $185,140,000 after buying an additional 51,742 shares during the last quarter. Maverick Capital Ltd. grew its holdings in Camden Property Trust by 4.1% during the second quarter. Maverick Capital Ltd. now owns 1,167,785 shares of the real estate investment trust’s stock valued at $127,417,000 after purchasing an additional 46,327 shares during the period. Finally, Eminence Capital LP grew its holdings in shares of Camden Property Trust by 7.3% in the 2nd quarter. Eminence Capital LP now owns 986,494 shares of the real estate investment trust’s stock valued at $107,636,000 after buying an additional 67,455 shares during the period. 97.22% of the stock is currently owned by institutional investors.

Camden Property Trust Stock Down 1.0 %

CPT stock opened at $125.80 on Monday. The stock has a market capitalization of $13.42 billion, a P/E ratio of 39.81, a P/E/G ratio of 4.59 and a beta of 0.91. The business has a fifty day moving average price of $120.99 and a 200-day moving average price of $116.26. Camden Property Trust has a 1-year low of $89.01 and a 1-year high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued 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 3.28%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CPT shares. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price objective for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Jefferies Financial Group assumed coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, The Goldman Sachs Group started coverage on Camden Property Trust in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $139.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust 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.