Stifel Financial Corp Sells 90 Shares of Camden Property Trust (NYSE:CPT)

Stifel Financial Corp decreased its stake in shares of Camden Property Trust (NYSE:CPT) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,790 shares of the real estate investment trust’s stock after selling 90 shares during the period. Stifel Financial Corp’s holdings in Camden Property Trust were worth $4,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Security National Bank increased its holdings in Camden Property Trust by 1.2% during the 2nd quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock worth $902,000 after purchasing an additional 101 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 113 shares in the last quarter. American Capital Advisory LLC raised its position in Camden Property Trust by 42.7% in the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 128 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Camden Property Trust by 6.1% in the 2nd quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 144 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Camden Property Trust by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock worth $3,420,000 after acquiring an additional 146 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.6 %

Camden Property Trust stock opened at $120.17 on Monday. The company’s 50-day moving average price is $120.61 and its two-hundred day moving average price is $117.50. 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 stock has a market cap of $12.82 billion, a P/E ratio of 38.03, a P/E/G ratio of 4.40 and a beta of 0.92. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69.

Camden Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.43%. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Camden Property Trust in a report on Friday, October 11th. They issued a “hold” rating and a $123.00 price objective on the stock. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Scotiabank reduced their price objective on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. The Goldman Sachs Group initiated coverage on Camden Property Trust in a research report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price target for the company. Finally, Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and upped their price objective for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.75.

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.