Legacy Wealth Asset Management LLC Acquires 885 Shares of Camden Property Trust (NYSE:CPT)

Legacy Wealth Asset Management LLC lifted its stake in Camden Property Trust (NYSE:CPT) by 20.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,291 shares of the real estate investment trust’s stock after buying an additional 885 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Camden Property Trust were worth $521,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CPT. State of Alaska Department of Revenue increased its stake in Camden Property Trust by 0.3% in the 1st quarter. State of Alaska Department of Revenue now owns 61,079 shares of the real estate investment trust’s stock worth $6,008,000 after purchasing an additional 207 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in Camden Property Trust by 4.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 16,767 shares of the real estate investment trust’s stock valued at $1,650,000 after buying an additional 763 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Camden Property Trust by 50.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,891 shares of the real estate investment trust’s stock worth $1,564,000 after acquiring an additional 5,300 shares during the last quarter. Silvia Mccoll Wealth Management LLC increased its position in shares of Camden Property Trust by 31.0% in the first quarter. Silvia Mccoll Wealth Management LLC now owns 3,910 shares of the real estate investment trust’s stock valued at $394,000 after acquiring an additional 925 shares during the period. Finally, Financial Management Professionals Inc. increased its position in shares of Camden Property Trust by 18.3% in the first quarter. Financial Management Professionals Inc. now owns 3,333 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 515 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CPT shares. Mizuho dropped their price objective on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Scotiabank upped their price objective on shares of Camden Property Trust from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. StockNews.com raised shares of Camden Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company boosted their price target on shares of Camden Property Trust from $92.00 to $104.00 and gave the company an “underweight” rating in a research report on Friday, May 31st. Finally, Piper Sandler upgraded shares of Camden Property Trust from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $90.00 to $110.00 in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of “Hold” and a consensus target price of $107.31.

Camden Property Trust Trading Down 1.3 %

Shares of NYSE CPT opened at $107.50 on Friday. The firm’s 50 day moving average price is $105.92 and its 200-day moving average price is $100.23. Camden Property Trust has a 52-week low of $82.81 and a 52-week high of $114.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $11.45 billion, a PE ratio of 26.35, a P/E/G ratio of 4.21 and a beta of 0.88.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.12 annualized dividend and a yield of 3.83%. Camden Property Trust’s dividend payout ratio (DPR) is presently 100.98%.

About Camden Property Trust

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 58,634 apartment homes across the United States.