20,799 Camden Property Trust $CPT Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its Camden Property Trust stake by 4.8% in the third quarter, selling 20,799 shares. It retained 413,707 shares, valued at about $40 million.
• Other institutional investors made mixed moves, while institutions collectively owned 97.22% of the REIT’s shares.
• Camden declared a quarterly dividend of $1.06 per share, equivalent to $4.24 annually and a 4.1% yield. Analysts’ consensus rating was “Hold,” with an average price target of $111.62.

Boston Trust Walden Corp trimmed its position in Camden Property Trust (NYSE:CPT - Free Report) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413,707 shares of the real estate investment trust's stock after selling 20,799 shares during the quarter. Boston Trust Walden Corp owned about 0.41% of Camden Property Trust worth $40,018,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its position in shares of Camden Property Trust by 73.5% during the third quarter. Chicago Partners Investment Group LLC now owns 9,929 shares of the real estate investment trust's stock valued at $1,013,000 after acquiring an additional 4,206 shares during the last quarter. Rakuten Investment Management Inc. grew its position in Camden Property Trust by 8.0% in the 3rd quarter. Rakuten Investment Management Inc. now owns 11,509 shares of the real estate investment trust's stock valued at $1,133,000 after acquiring an additional 852 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Camden Property Trust during the 3rd quarter worth approximately $2,528,000. ProShare Advisors LLC increased its position in shares of Camden Property Trust by 2.3% during the third quarter. ProShare Advisors LLC now owns 19,630 shares of the real estate investment trust's stock worth $1,899,000 after acquiring an additional 450 shares during the period. Finally, MGO One Seven LLC boosted its holdings in Camden Property Trust by 6.6% in the third quarter. MGO One Seven LLC now owns 5,908 shares of the real estate investment trust's stock valued at $571,000 after purchasing an additional 367 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Up 3.8%

NYSE:CPT opened at $104.51 on Thursday. The firm has a market cap of $10.51 billion, a P/E ratio of 14.72, a PEG ratio of 7.48 and a beta of 0.75. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.25. The stock's 50 day simple moving average is $100.75 and its 200-day simple moving average is $105.90. Camden Property Trust has a 12-month low of $95.30 and a 12-month high of $119.81.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, September 30th. Camden Property Trust's payout ratio is 140.40%.

Analyst Upgrades and Downgrades

CPT has been the subject of several analyst reports. Stifel Nicolaus set a $123.25 target price on Camden Property Trust in a research note on Friday, July 31st. Royal Bank Of Canada decreased their price objective on Camden Property Trust from $111.00 to $101.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 13th. UBS Group lowered their price objective on Camden Property Trust from $105.00 to $101.00 and set a "neutral" rating for the company in a research report on Wednesday, October 14th. Wall Street Zen lowered shares of Camden Property Trust from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 17th. Finally, Weiss Ratings downgraded shares of Camden Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Camden Property Trust has an average rating of "Hold" and an average price target of $111.62.

Camden Property Trust Profile

Camden Property Trust NYSE: CPT is a real estate investment trust that owns, develops, acquires, and manages multifamily apartment communities. The company provides rental housing to individuals and families through a portfolio of communities offering a range of apartment layouts, amenities, and resident services.

Camden focuses primarily on high-growth markets in the Sun Belt, including metropolitan areas in Texas, Arizona, Colorado, Florida, Georgia, North Carolina, and Tennessee. Its communities are generally located in major urban and suburban markets and are managed through the company's in-house property management platform.

Founded in 1993 and headquartered in Houston, Texas, Camden Property Trust has expanded through apartment development, acquisitions, and ongoing property renovations.

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