Principal Financial Group Inc. Boosts Stock Position in Camden Property Trust (NYSE:CPT)

Principal Financial Group Inc. raised its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 538,876 shares of the real estate investment trust's stock after purchasing an additional 51,097 shares during the quarter. Principal Financial Group Inc. owned 0.51% of Camden Property Trust worth $66,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CPT. Centersquare Investment Management LLC grew its position in Camden Property Trust by 64.2% in the first quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust's stock worth $228,939,000 after acquiring an additional 898,398 shares in the last quarter. Duquesne Family Office LLC bought a new stake in shares of Camden Property Trust in the 2nd quarter valued at approximately $63,056,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Camden Property Trust by 4,254.8% in 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 purchasing an additional 333,961 shares during the period. Vanguard Group Inc. increased its position in shares of Camden Property Trust by 1.7% during 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 purchasing an additional 289,425 shares during the last quarter. Finally, American Century Companies Inc. raised 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 buying an additional 217,076 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Stock Up 2.7 %

Shares of CPT stock traded up $3.15 on Friday, hitting $121.74. The stock had a trading volume of 1,111,471 shares, compared to its average volume of 979,558. Camden Property Trust has a one year low of $85.30 and a one year high of $127.69. The business has a 50 day moving average price of $121.45 and a 200 day moving average price of $114.23. The company has a market cap of $12.99 billion, a PE ratio of 38.53, a P/E/G ratio of 4.39 and a beta of 0.91. The company has a quick ratio of 0.37, a current ratio of 0.15 and a debt-to-equity ratio of 0.72.

Camden Property Trust Dividend Announcement

The firm 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 3.38%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's dividend payout ratio (DPR) is 130.38%.

Analysts Set New Price Targets

Several research firms have commented on CPT. BNP Paribas started coverage on shares of Camden Property Trust in a research note on Wednesday, September 11th. They set a "neutral" rating and a $129.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Wells Fargo & Company raised shares of Camden Property Trust from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $104.00 to $127.00 in a research report on Monday, August 26th. StockNews.com lowered Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group initiated coverage on Camden Property Trust in a research note on Wednesday, September 4th. They set a "neutral" rating and a $139.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $122.03.

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.