Linscomb Wealth Inc. Has $252,000 Stake in Camden Property Trust (NYSE:CPT)

Linscomb Wealth Inc. decreased its stake in shares of Camden Property Trust (NYSE:CPT) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,038 shares of the real estate investment trust’s stock after selling 283 shares during the period. Linscomb Wealth Inc.’s holdings in Camden Property Trust were worth $252,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Security National Bank raised its position in shares of Camden Property Trust by 1.2% during the second quarter. Security National Bank now owns 8,267 shares of the real estate investment trust’s stock worth $902,000 after acquiring an additional 101 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Camden Property Trust by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 113 shares during the last quarter. American Capital Advisory LLC grew its position 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 buying an additional 128 shares during the period. Raymond James Trust N.A. raised its stake in shares of Camden Property Trust by 6.1% during the second quarter. Raymond James Trust N.A. now owns 2,516 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 144 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Camden Property Trust by 0.5% in the second quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust’s stock valued at $3,420,000 after buying an additional 146 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Camden Property Trust Stock Down 0.5 %

CPT stock opened at $119.77 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $12.78 billion, a P/E ratio of 37.90, a P/E/G ratio of 4.49 and a beta of 0.91. Camden Property Trust has a fifty-two week low of $86.50 and a fifty-two week high of $127.69. The business has a 50-day moving average of $121.10 and a 200-day moving average of $114.78.

Camden Property Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on CPT. JPMorgan Chase & Co. lifted their target price on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Bank of America upgraded Camden Property Trust from an “underperform” rating to a “buy” rating and raised their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Scotiabank lowered their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday. Wedbush increased their price target on shares of Camden Property Trust from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Piper Sandler upped their target price on shares of Camden Property Trust from $110.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average 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.