Orion Portfolio Solutions LLC Lowers Position in Camden Property Trust (NYSE:CPT)

Orion Portfolio Solutions LLC lowered its holdings in Camden Property Trust (NYSE:CPT) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,533 shares of the real estate investment trust’s stock after selling 469 shares during the period. Orion Portfolio Solutions LLC’s holdings in Camden Property Trust were worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CPT. Wellington Management Group LLP raised its holdings in shares of Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after acquiring an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Camden Property Trust by 508.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock valued at $116,911,000 after acquiring an additional 790,974 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock valued at $158,028,000 after acquiring an additional 630,768 shares in the last quarter. Duquesne Family Office LLC purchased a new stake in shares of Camden Property Trust in the 2nd quarter valued at about $63,056,000. Finally, Heitman Real Estate Securities LLC raised its holdings 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 acquiring an additional 435,495 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. BNP Paribas assumed 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. The Goldman Sachs Group assumed coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 price objective on the stock. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $129.00 to $128.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, Royal Bank of Canada decreased 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $125.81.

Camden Property Trust Price Performance

Shares of CPT stock opened at $118.60 on Wednesday. The firm has a market cap of $12.65 billion, a P/E ratio of 37.53, a P/E/G ratio of 4.40 and a beta of 0.92. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The business’s 50 day moving average price is $120.62 and its 200-day moving average price is $117.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a $1.03 dividend. 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 3.47%. Camden Property Trust’s dividend payout ratio is currently 130.38%.

Camden Property Trust Company 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.