Janus Henderson Group PLC Sells 11,907 Shares of Camden Property Trust (NYSE:CPT)

Janus Henderson Group PLC decreased its holdings in Camden Property Trust (NYSE:CPT) by 42.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,327 shares of the real estate investment trust’s stock after selling 11,907 shares during the period. Janus Henderson Group PLC’s holdings in Camden Property Trust were worth $2,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Heitman Real Estate Securities LLC increased its stake in shares of Camden Property Trust by 3,155.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after purchasing an additional 435,495 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Camden Property Trust by 5.6% in the 3rd quarter. HighTower Advisors LLC now owns 57,856 shares of the real estate investment trust’s stock valued at $7,138,000 after purchasing an additional 3,083 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Camden Property Trust in the 3rd quarter valued at $315,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Camden Property Trust during the 3rd quarter valued at $1,265,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Camden Property Trust by 316.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 296,413 shares of the real estate investment trust’s stock valued at $36,616,000 after acquiring an additional 225,285 shares in the last quarter. Institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CPT shares. Royal Bank of Canada cut their price objective on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Evercore ISI raised their price objective on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Truist Financial raised their price objective on Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. Stifel Nicolaus downgraded Camden Property Trust from a “buy” rating to a “hold” rating and raised their price objective for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Finally, BNP Paribas initiated coverage on Camden Property Trust in a report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 price objective on the stock. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Camden Property Trust has a consensus rating of “Hold” and a consensus target price of $122.50.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $120.98 on Friday. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 4.45 and a beta of 0.92. The business has a 50-day simple moving average of $120.62 and a 200 day simple moving average of $117.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s 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.