2,010 Shares in Camden Property Trust (NYSE:CPT) Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. acquired a new stake in shares of Camden Property Trust (NYSE:CPT) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,010 shares of the real estate investment trust’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kings Path Partners LLC bought a new stake in shares of Camden Property Trust during the second quarter valued at approximately $33,000. Federated Hermes Inc. bought a new stake in shares of Camden Property Trust during the 2nd quarter valued at $33,000. Family Firm Inc. bought a new stake in shares of Camden Property Trust during the 2nd quarter valued at $39,000. Versant Capital Management Inc grew its position 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 worth $40,000 after buying an additional 350 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Camden Property Trust by 367.8% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CPT shares. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. StockNews.com downgraded Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Jefferies Financial Group started coverage on Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 target price on the stock. Finally, UBS Group lifted their price target on Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $122.03.

Camden Property Trust Price Performance

NYSE CPT opened at $118.00 on Wednesday. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 4.25 and a beta of 0.91. Camden Property Trust has a 1-year low of $85.30 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 0.37. The business’s fifty day moving average price is $121.77 and its 200-day moving average price is $113.79.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio is 130.38%.

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 58,250 apartment homes across the United States.