Versant Capital Management Inc Raises Holdings in Camden Property Trust (NYSE:CPT)

Versant Capital Management Inc boosted its stake in Camden Property Trust (NYSE:CPT) by 77.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 716 shares of the real estate investment trust’s stock after purchasing an additional 313 shares during the period. Versant Capital Management Inc’s holdings in Camden Property Trust were worth $83,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust’s stock worth $66,563,000 after purchasing an additional 51,097 shares during the last quarter. SMART Wealth LLC purchased a new stake in Camden Property Trust during the 3rd quarter valued at $829,000. Franklin Resources Inc. boosted its position in Camden Property Trust by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust’s stock valued at $23,174,000 after buying an additional 5,985 shares during the period. Tidal Investments LLC grew its holdings in Camden Property Trust by 22.2% in the 3rd quarter. Tidal Investments LLC now owns 70,285 shares of the real estate investment trust’s stock worth $8,682,000 after acquiring an additional 12,774 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Camden Property Trust in the third quarter valued at about $180,000. Institutional investors own 97.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and increased their price objective for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Jefferies Financial Group assumed coverage on Camden Property Trust in a research note on Friday, October 11th. They set a “hold” rating and a $123.00 target price on the stock. Evercore ISI raised their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $125.81.

Camden Property Trust Trading Up 2.1 %

NYSE:CPT opened at $117.07 on Friday. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 4.40 and a beta of 0.92. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average price is $119.47 and its 200-day moving average price is $118.42. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Wednesday, December 18th. 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.