Healthcare of Ontario Pension Plan Trust Fund Sells 27,783 Shares of Camden Property Trust (NYSE:CPT)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of Camden Property Trust (NYSE:CPTGet Rating) by 60.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,217 shares of the real estate investment trust’s stock after selling 27,783 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Camden Property Trust were worth $2,450,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Group AG lifted its position in Camden Property Trust by 32.4% during the second quarter. UBS Group AG now owns 319,261 shares of the real estate investment trust’s stock valued at $42,934,000 after acquiring an additional 78,143 shares during the last quarter. Bank of Montreal Can lifted its position in Camden Property Trust by 204.6% during the second quarter. Bank of Montreal Can now owns 60,518 shares of the real estate investment trust’s stock valued at $8,297,000 after acquiring an additional 40,649 shares during the last quarter. Forsta AP Fonden lifted its position in Camden Property Trust by 6.7% during the second quarter. Forsta AP Fonden now owns 1,600 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 100 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Camden Property Trust by 20.8% during the second quarter. JPMorgan Chase & Co. now owns 4,430,064 shares of the real estate investment trust’s stock valued at $595,754,000 after acquiring an additional 762,939 shares during the last quarter. Finally, Synovus Financial Corp purchased a new stake in Camden Property Trust during the second quarter valued at approximately $412,000. 94.08% of the stock is currently owned by institutional investors.

Insider Activity at Camden Property Trust

In other news, Director Kelvin R. Westbrook sold 1,820 shares of Camden Property Trust stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $130.77, for a total value of $238,001.40. Following the sale, the director now owns 24,932 shares in the company, valued at $3,260,357.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on CPT. Stifel Nicolaus decreased their target price on shares of Camden Property Trust from $175.00 to $152.00 in a research report on Friday, October 7th. The Goldman Sachs Group decreased their price target on shares of Camden Property Trust from $158.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, October 18th. Barclays decreased their price target on shares of Camden Property Trust from $169.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, November 10th. Citigroup raised their price target on shares of Camden Property Trust to $150.00 in a report on Tuesday, August 9th. Finally, Truist Financial raised their target price on shares of Camden Property Trust from $149.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.83.

Camden Property Trust Stock Up 0.5 %

CPT stock opened at $116.83 on Wednesday. The firm has a market cap of $12.45 billion, a PE ratio of 15.39, a P/E/G ratio of 3.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.24 and a current ratio of 0.24. The firm’s fifty day moving average is $116.61 and its 200 day moving average is $129.67. Camden Property Trust has a one year low of $107.90 and a one year high of $180.37.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $3.76 annualized dividend and a yield of 3.22%. Camden Property Trust’s dividend payout ratio is presently 49.54%.

Camden Property Trust Company Profile

(Get Rating)

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States.

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Institutional Ownership by Quarter for Camden Property Trust (NYSE:CPT)

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