Impax Asset Management Group plc Invests $670,000 in Camden Property Trust (NYSE:CPT)

Impax Asset Management Group plc purchased a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,423 shares of the real estate investment trust's stock, valued at approximately $670,000.

Several other institutional investors have also recently made changes to their positions in CPT. Mutual of America Capital Management LLC increased its holdings in shares of Camden Property Trust by 1.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 29,150 shares of the real estate investment trust's stock valued at $2,868,000 after purchasing an additional 464 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Camden Property Trust by 11.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,087 shares of the real estate investment trust's stock valued at $894,000 after acquiring an additional 940 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Camden Property Trust by 32.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,577 shares of the real estate investment trust's stock valued at $1,926,000 after acquiring an additional 4,810 shares during the period. Illinois Municipal Retirement Fund grew its stake in Camden Property Trust by 59.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,831 shares of the real estate investment trust's stock valued at $1,853,000 after acquiring an additional 7,018 shares during the period. Finally, Heartland Advisors Inc. acquired a new stake in Camden Property Trust in the 1st quarter valued at $11,748,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPT has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of Camden Property Trust in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $139.00 price target on the stock. Bank of America upgraded shares of Camden Property Trust from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $111.00 to $147.00 in a report on Monday, August 12th. Wells Fargo & Company upgraded shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $104.00 to $127.00 in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Camden Property Trust from $90.00 to $115.00 and gave the company a "hold" rating in a report on Tuesday, September 10th. Finally, UBS Group boosted their price objective on shares of Camden Property Trust from $109.00 to $117.00 and gave the company a "neutral" rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $122.03.

Camden Property Trust Stock Up 1.0 %

CPT traded up $1.15 on Thursday, reaching $118.59. The company's stock had a trading volume of 633,722 shares, compared to its average volume of 991,339. The stock has a 50 day moving average of $121.52 and a two-hundred day moving average of $113.85. The company has a quick ratio of 0.37, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 4.33 and a beta of 0.91. Camden Property Trust has a fifty-two week low of $85.30 and a fifty-two week high of $127.69.

Camden Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Monday, September 30th. Camden Property Trust's payout ratio is currently 130.38%.

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 58,250 apartment homes across the United States.