Moors & Cabot Inc. Invests $214,000 in Camden Property Trust (NYSE:CPT)

Moors & Cabot Inc. purchased a new stake in Camden Property Trust (NYSE:CPT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,730 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings in shares of Camden Property Trust by 34.1% in the 1st quarter. Tidal Investments LLC now owns 61,007 shares of the real estate investment trust’s stock valued at $5,992,000 after buying an additional 15,513 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Camden Property Trust by 45.3% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 44,646 shares of the real estate investment trust’s stock valued at $4,871,000 after acquiring an additional 13,912 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Camden Property Trust by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust’s stock valued at $144,933,000 after acquiring an additional 7,722 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Camden Property Trust during the third quarter worth about $2,913,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Camden Property Trust during the third quarter worth about $1,660,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of NYSE CPT opened at $122.90 on Monday. The company’s fifty day moving average is $120.92 and its two-hundred day moving average is $115.60. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $13.11 billion, a P/E ratio of 38.89, a PEG ratio of 4.45 and a beta of 0.91. Camden Property Trust has a one year low of $87.61 and a one year high of $127.69.

Camden Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Analysts Set New Price Targets

CPT has been the subject of a number of research analyst reports. StockNews.com cut Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Bank of America upgraded shares of Camden Property Trust from an “underperform” rating to a “buy” rating and raised their target price for the stock from $111.00 to $147.00 in a research report on Monday, August 12th. Wells Fargo & Company upgraded shares of Camden Property Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $104.00 to $127.00 in a research report on Monday, August 26th. Stifel Nicolaus downgraded shares of Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the stock from $120.00 to $121.00 in a research report on Wednesday, November 13th. Finally, Truist Financial upped their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $122.50.

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.