Janney Montgomery Scott LLC Acquires 701 Shares of Camden Property Trust (NYSE:CPT)

Janney Montgomery Scott LLC increased its holdings in shares of Camden Property Trust (NYSE:CPT) by 28.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,142 shares of the real estate investment trust’s stock after buying an additional 701 shares during the period. Janney Montgomery Scott LLC’s holdings in Camden Property Trust were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Camden Property Trust by 2.8% during the first quarter. Vanguard Group Inc. now owns 14,955,322 shares of the real estate investment trust’s stock worth $2,485,575,000 after buying an additional 412,019 shares during the last quarter. BlackRock Inc. grew its holdings in Camden Property Trust by 1.6% during the first quarter. BlackRock Inc. now owns 9,961,282 shares of the real estate investment trust’s stock valued at $1,044,341,000 after purchasing an additional 157,326 shares during the period. State Street Corp grew its holdings in Camden Property Trust by 0.7% during the first quarter. State Street Corp now owns 6,890,494 shares of the real estate investment trust’s stock valued at $729,147,000 after purchasing an additional 45,705 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Camden Property Trust by 99,189.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,795,848 shares of the real estate investment trust’s stock valued at $413,254,000 after purchasing an additional 3,792,025 shares during the period. Finally, Norges Bank acquired a new position in Camden Property Trust during the fourth quarter valued at approximately $333,911,000. 95.04% of the stock is owned by institutional investors.

Camden Property Trust Stock Performance

NYSE CPT opened at $84.68 on Thursday. The company has a current ratio of 0.10, a quick ratio of 0.14 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is $98.11 and its two-hundred day moving average price is $104.98. Camden Property Trust has a 1 year low of $82.81 and a 1 year high of $127.60. The firm has a market capitalization of $9.04 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 2.87 and a beta of 0.81.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend was Thursday, September 28th. Camden Property Trust’s dividend payout ratio (DPR) is currently 191.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CPT shares. Truist Financial boosted their price objective on shares of Camden Property Trust from $127.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets upgraded shares of Camden Property Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $125.00 to $126.00 in a report on Tuesday, July 18th. Wells Fargo & Company upped their price target on shares of Camden Property Trust from $102.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, September 12th. Citigroup reduced 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 report on Tuesday, August 22nd. Finally, Evercore ISI reduced their price target on shares of Camden Property Trust from $117.00 to $111.00 in a report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.38.

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 58,961 apartment homes across the United States.