Impax Asset Management Group plc Acquires New Stake in Camden Property Trust (NYSE:CPT)

Impax Asset Management Group plc bought a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,423 shares of the real estate investment trust's stock, valued at approximately $670,000.

Other large investors have also added to or reduced their stakes in the company. Duquesne Family Office LLC purchased a new position in shares of Camden Property Trust in the 2nd quarter worth approximately $63,056,000. Robeco Institutional Asset Management B.V. grew its holdings in Camden Property Trust by 4,254.8% in the third 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 purchasing an additional 333,961 shares during the last quarter. Vanguard Group Inc. grew its holdings in Camden Property Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust's stock worth $1,701,521,000 after purchasing an additional 289,425 shares during the last quarter. American Century Companies Inc. increased its position in shares of Camden Property Trust by 690.1% during the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust's stock worth $27,117,000 after purchasing an additional 217,076 shares in the last quarter. Finally, Empyrean Capital Partners LP purchased a new stake in shares of Camden Property Trust during the 2nd quarter valued at $22,913,000. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CPT has been the topic of several recent analyst reports. Wedbush upped their target price on Camden Property Trust from $118.00 to $131.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Truist Financial increased their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a "buy" rating in a research report on Monday, August 26th. BNP Paribas assumed coverage on shares of Camden Property Trust in a research report on Wednesday, September 11th. They set a "neutral" rating and a $129.00 target price on the stock. Bank of America raised shares of Camden Property Trust from an "underperform" rating to a "buy" rating and raised their price target for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Finally, StockNews.com lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $122.50.

Camden Property Trust Stock Performance

Shares of CPT traded down $0.58 during trading hours on Friday, hitting $119.77. The stock had a trading volume of 864,418 shares, compared to its average volume of 1,001,060. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 4.37 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 $115.00. Camden Property Trust has a fifty-two week low of $86.50 and a fifty-two week high of $127.69.

Camden Property Trust Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.44%. Camden Property Trust's dividend payout ratio is currently 130.38%.

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.