Credit Suisse AG Has $15.68 Million Holdings in Camden Property Trust (NYSE:CPT)

Credit Suisse AG lessened its position in shares of Camden Property Trust (NYSE:CPT) by 3.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 149,535 shares of the real estate investment trust’s stock after selling 5,081 shares during the quarter. Credit Suisse AG owned approximately 0.14% of Camden Property Trust worth $15,677,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Camden Property Trust by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 14,955,322 shares of the real estate investment trust’s stock valued at $2,485,575,000 after acquiring an additional 412,019 shares in the last quarter. State Street Corp increased its stake in shares of Camden Property Trust by 9.8% in the 1st quarter. State Street Corp now owns 6,066,515 shares of the real estate investment trust’s stock valued at $1,013,817,000 after acquiring an additional 540,683 shares in the last quarter. Norges Bank bought a new stake in shares of Camden Property Trust in the 4th quarter valued at $333,911,000. Victory Capital Management Inc. increased its stake in shares of Camden Property Trust by 8.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,704,518 shares of the real estate investment trust’s stock valued at $283,542,000 after acquiring an additional 207,454 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Camden Property Trust by 16.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,445,215 shares of the real estate investment trust’s stock valued at $256,356,000 after acquiring an additional 346,941 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock.

Camden Property Trust Price Performance

CPT opened at $106.55 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 55.50, a P/E/G ratio of 3.27 and a beta of 0.79. The firm’s fifty day moving average price is $109.15 and its two-hundred day moving average price is $109.33. Camden Property Trust has a 1 year low of $97.74 and a 1 year high of $138.22.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Thursday, June 29th. Camden Property Trust’s dividend payout ratio (DPR) is currently 208.33%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wolfe Research lowered shares of Camden Property Trust from an “outperform” rating to a “peer perform” rating in a research note on Monday, May 15th. Citigroup decreased their price target on shares of Camden Property Trust from $130.00 to $118.00 and set a “neutral” rating for the company in a research note on Tuesday. Bank of America lowered shares of Camden Property Trust from a “buy” rating to a “neutral” rating and decreased their price target for the company from $132.00 to $121.00 in a research note on Monday, May 15th. BMO Capital Markets upgraded shares of Camden Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $125.00 to $126.00 in a research note on Tuesday, July 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Camden Property Trust from $131.00 to $133.00 and gave the company a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $128.25.

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 interests in and operates 172 properties containing 58,702 apartment homes across the United States.