GAMMA Investing LLC Increases Holdings in Camden Property Trust (NYSE:CPT)

GAMMA Investing LLC grew its position in shares of Camden Property Trust (NYSE:CPT) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,087 shares of the real estate investment trust’s stock after buying an additional 326 shares during the quarter. GAMMA Investing LLC’s holdings in Camden Property Trust were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. bought a new position in Camden Property Trust in the second quarter valued at about $33,000. Neo Ivy Capital Management purchased a new stake in shares of Camden Property Trust during the 3rd quarter valued at about $38,000. American Capital Advisory LLC lifted its stake in shares of 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 worth $53,000 after purchasing an additional 128 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Camden Property Trust in the third quarter worth approximately $62,000. Finally, Versant Capital Management Inc grew its position in Camden Property Trust by 77.7% during the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 313 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Camden Property Trust Trading Down 3.0 %

Shares of Camden Property Trust stock opened at $113.50 on Tuesday. 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 firm has a market cap of $12.11 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 4.40 and a beta of 0.94. Camden Property Trust has a twelve month low of $90.50 and a twelve month high of $127.69. The business has a 50-day moving average price of $119.37 and a 200-day moving average price of $118.52.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Wednesday, December 18th. Camden Property Trust’s payout ratio is 130.38%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Scotiabank decreased their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Evercore ISI upped their price target on Camden Property Trust from $116.00 to $118.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Jefferies Financial Group assumed coverage on Camden Property Trust in a research report on Friday, October 11th. They set a “hold” rating and a $123.00 price objective on the stock. Finally, Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.75.

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.