Arkadios Wealth Advisors Purchases 704 Shares of Camden Property Trust $CPT

Arkadios Wealth Advisors increased its stake in shares of Camden Property Trust (NYSE:CPT) by 27.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,270 shares of the real estate investment trust’s stock after acquiring an additional 704 shares during the quarter. Arkadios Wealth Advisors’ holdings in Camden Property Trust were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Jennison Associates LLC lifted its position in shares of Camden Property Trust by 87.3% during the 2nd quarter. Jennison Associates LLC now owns 1,013,719 shares of the real estate investment trust’s stock worth $114,236,000 after buying an additional 472,623 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Camden Property Trust by 6.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,821 shares of the real estate investment trust’s stock worth $2,459,000 after buying an additional 1,300 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Camden Property Trust by 57.8% in the second quarter. Teacher Retirement System of Texas now owns 58,941 shares of the real estate investment trust’s stock valued at $6,642,000 after acquiring an additional 21,595 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Camden Property Trust by 181.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 7,093 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 4,569 shares during the last quarter. Finally, Transcend Capital Advisors LLC acquired a new position in shares of Camden Property Trust in the 2nd quarter valued at $216,000. 97.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CPT. Wells Fargo & Company reduced their price target on shares of Camden Property Trust from $112.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, October 13th. Morgan Stanley lowered their price target on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Camden Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Camden Property Trust in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and set a $122.75 price target on the stock in a report on Tuesday, August 26th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $120.05.

Camden Property Trust Stock Up 0.5%

Shares of NYSE CPT opened at $101.86 on Thursday. The company has a 50 day simple moving average of $105.53 and a 200 day simple moving average of $110.80. The firm has a market cap of $10.88 billion, a PE ratio of 71.23, a price-to-earnings-growth ratio of 3.31 and a beta of 0.81. Camden Property Trust has a 1 year low of $97.17 and a 1 year high of $127.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $4.20 annualized dividend and a yield of 4.1%. Camden Property Trust’s dividend payout ratio is presently 293.71%.

Camden Property Trust 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.