Metis Global Partners LLC Acquires 2,569 Shares of Camden Property Trust (NYSE:CPT)

Metis Global Partners LLC grew its position in Camden Property Trust (NYSE:CPT) by 21.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,395 shares of the real estate investment trust’s stock after acquiring an additional 2,569 shares during the quarter. Metis Global Partners LLC’s holdings in Camden Property Trust were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. Kings Path Partners LLC bought a new position in Camden Property Trust during the second quarter valued at $33,000. Federated Hermes Inc. purchased a new stake in shares of Camden Property Trust in the 2nd quarter worth approximately $33,000. Family Firm Inc. purchased a new position in shares of Camden Property Trust in the 2nd quarter valued at $39,000. Versant Capital Management Inc raised its position in shares of Camden Property Trust by 2,187.5% in the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 350 shares in the last quarter. Finally, American Capital Advisory LLC lifted its stake in shares of Camden Property Trust by 42.7% during 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 last quarter. Institutional investors own 97.22% of the company’s stock.

Camden Property Trust Stock Down 0.5 %

CPT opened at $119.77 on Friday. Camden Property Trust has a 1 year low of $86.50 and a 1 year high of $127.69. The company has a market cap of $12.78 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of 4.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a 50 day moving average price of $121.10 and a 200 day moving average price of $114.78.

Camden Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.44%. Camden Property Trust’s dividend payout ratio (DPR) is presently 130.38%.

Analyst Ratings Changes

A number of research firms recently commented on CPT. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their target price for the company from $120.00 to $121.00 in a research report on Wednesday. Evercore ISI upped their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wedbush lifted their price objective on Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Piper Sandler upped their target price on Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Royal Bank of Canada reduced their price target on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $122.50.

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.