Sentry Investment Management LLC Purchases Shares of 499 Camden Property Trust (NYSE:CPT)

Sentry Investment Management LLC acquired a new stake in Camden Property Trust (NYSE:CPT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 499 shares of the real estate investment trust’s stock, valued at approximately $62,000.

Several other institutional investors also recently modified their holdings of the company. Centersquare Investment Management LLC lifted its stake in Camden Property Trust by 64.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust’s stock valued at $228,939,000 after purchasing an additional 898,398 shares during the last quarter. Duquesne Family Office LLC acquired a new stake in shares of Camden Property Trust in the second quarter valued at approximately $63,056,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Camden Property Trust by 4,254.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust’s stock worth $42,224,000 after acquiring an additional 333,961 shares during the last quarter. Vanguard Group Inc. raised its stake in Camden Property Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after acquiring an additional 289,425 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Camden Property Trust by 690.1% during the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after purchasing an additional 217,076 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Performance

Shares of Camden Property Trust stock opened at $118.00 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.37 and a debt-to-equity ratio of 0.72. The company has a market cap of $12.58 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 4.25 and a beta of 0.91. The company has a 50 day moving average of $121.77 and a 200-day moving average of $113.79. Camden Property Trust has a 1-year low of $85.30 and a 1-year high of $127.69.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.49%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s payout ratio is presently 130.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CPT shares. Truist Financial upped their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a report on Monday, August 26th. UBS Group raised their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. upped their target price on Camden Property Trust from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Royal Bank of Canada lowered their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Evercore ISI boosted their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.03.

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 and operates 172 properties containing 58,250 apartment homes across the United States.