Camden Property Trust (NYSE:CPT) Shares Purchased by KBC Group NV

KBC Group NV increased its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 740.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,562 shares of the real estate investment trust's stock after buying an additional 115,033 shares during the quarter. KBC Group NV owned about 0.12% of Camden Property Trust worth $16,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CPT. Vanguard Group Inc. raised its position 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 acquiring an additional 289,425 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Camden Property Trust by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust's stock worth $470,704,000 after purchasing an additional 206,654 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Camden Property Trust by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,441 shares of the real estate investment trust's stock valued at $174,299,000 after purchasing an additional 54,475 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Camden Property Trust by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,881 shares of the real estate investment trust's stock worth $144,933,000 after purchasing an additional 7,722 shares during the last quarter. Finally, Maverick Capital Ltd. raised its holdings in Camden Property Trust by 4.1% during the 2nd quarter. Maverick Capital Ltd. now owns 1,167,785 shares of the real estate investment trust's stock worth $127,417,000 after purchasing an additional 46,327 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

CPT has been the subject of several research analyst reports. Bank of America raised shares of Camden Property Trust from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $111.00 to $147.00 in a report on Monday, August 12th. Evercore ISI increased their price objective on shares of 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. StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Friday, November 1st. Scotiabank decreased their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, Wedbush raised their price target on Camden Property Trust from $118.00 to $131.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and an average price target of $122.50.

Camden Property Trust Stock Down 0.5 %

Camden Property Trust stock traded down $0.58 during midday trading on Friday, reaching $119.77. The stock had a trading volume of 864,418 shares, compared to its average volume of 989,953. 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's fifty day simple moving average is $121.10 and its 200-day simple moving average is $114.78. Camden Property Trust has a 1-year low of $86.50 and a 1-year high of $127.69. The stock has a market capitalization of $12.78 billion, a P/E ratio of 37.90, a price-to-earnings-growth ratio of 4.49 and a beta of 0.91.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $1.03 dividend. 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 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.