The Manufacturers Life Insurance Company Has $13.26 Million Holdings in Camden Property Trust (NYSE:CPT)

The Manufacturers Life Insurance Company increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,361 shares of the real estate investment trust’s stock after purchasing an additional 2,590 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Camden Property Trust were worth $13,262,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CPT. Swedbank AB acquired a new position in Camden Property Trust during the first quarter worth $531,000. GAMMA Investing LLC grew its holdings in Camden Property Trust by 30.3% during the second quarter. GAMMA Investing LLC now owns 2,255 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 525 shares during the period. DNB Asset Management AS increased its position in Camden Property Trust by 16.1% during the second quarter. DNB Asset Management AS now owns 17,382 shares of the real estate investment trust’s stock worth $1,897,000 after buying an additional 2,413 shares during the last quarter. Versant Capital Management Inc raised its stake in Camden Property Trust by 2,187.5% in the second quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 350 shares during the period. Finally, First Affirmative Financial Network bought a new stake in Camden Property Trust in the second quarter valued at approximately $203,000. Institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Scotiabank decreased their target price on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Royal Bank of Canada decreased their price target on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America upgraded 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 report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Camden Property Trust has an average rating of “Hold” and an average price target of $122.50.

Camden Property Trust Stock Performance

NYSE CPT opened at $123.96 on Tuesday. The firm’s 50 day simple moving average is $120.93 and its 200 day simple moving average is $116.38. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 4.59 and a beta of 0.91. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. Camden Property Trust has a 1 year low of $90.50 and a 1 year high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.32%. Camden Property Trust’s payout ratio is 130.38%.

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.