QRG Capital Management Inc. Purchases Shares of 13,435 Camden Property Trust (NYSE:CPT)

QRG Capital Management Inc. bought a new position in shares of 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 institutional investor bought 13,435 shares of the real estate investment trust's stock, valued at approximately $1,660,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centersquare Investment Management LLC raised its stake in shares of Camden Property Trust by 64.2% during the 1st quarter. Centersquare Investment Management LLC now owns 2,296,741 shares of the real estate investment trust's stock worth $228,939,000 after purchasing an additional 898,398 shares in the last quarter. Duquesne Family Office LLC acquired a new position in Camden Property Trust during the second quarter worth $63,056,000. Robeco Institutional Asset Management B.V. raised its position in Camden Property Trust by 4,254.8% during 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 acquiring an additional 333,961 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 valued at $1,701,521,000 after acquiring an additional 289,425 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Camden Property Trust by 690.1% in 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 acquiring an additional 217,076 shares during the period. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CPT shares. Deutsche Bank Aktiengesellschaft lifted their price target on Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Truist Financial upped their price objective on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a "buy" rating in a report on Monday, August 26th. Royal Bank of Canada cut their target price on shares of Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating for the company in a research note on Monday. StockNews.com downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. Finally, Evercore ISI increased their price target on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an "in-line" rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $122.03.

Camden Property Trust Price Performance

CPT traded up $3.15 during trading on Friday, hitting $121.74. 1,111,471 shares of the stock traded hands, compared to its average volume of 991,892. The business has a 50 day moving average price of $121.52 and a 200 day moving average price of $113.85. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 4.33 and a beta of 0.91. Camden Property Trust has a twelve month low of $85.30 and a twelve month high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.37.

Camden Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.38%. Camden Property Trust's dividend payout ratio (DPR) 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.