Robeco Institutional Asset Management B.V. Grows Stake in Camden Property Trust (NYSE:CPT)

Robeco Institutional Asset Management B.V. boosted its position in Camden Property Trust (NYSE:CPT - Free Report) by 4,254.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,810 shares of the real estate investment trust's stock after purchasing an additional 333,961 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.32% of Camden Property Trust worth $42,224,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of Camden Property Trust by 1.1% in the 1st quarter. Nordea Investment Management AB now owns 61,701 shares of the real estate investment trust's stock worth $6,057,000 after buying an additional 644 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Camden Property Trust by 1.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 29,150 shares of the real estate investment trust's stock worth $2,868,000 after purchasing an additional 464 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in Camden Property Trust in the 1st quarter worth about $3,360,000. Envestnet Portfolio Solutions Inc. grew its position in Camden Property Trust by 11.5% during 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 purchasing an additional 940 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Camden Property Trust by 32.6% during 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 purchasing an additional 4,810 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CPT. StockNews.com cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a report on Friday, November 1st. Truist Financial upped their price target on Camden Property Trust from $122.00 to $133.00 and gave the company a "buy" rating in a report on Monday, August 26th. Bank of America raised Camden Property Trust from an "underperform" rating to a "buy" rating and increased their price objective for the company from $111.00 to $147.00 in a research report on Monday, August 12th. Scotiabank boosted their target price on Camden Property Trust from $125.00 to $132.00 and gave the stock a "sector perform" rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada decreased their price objective on shares of Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $122.03.

Camden Property Trust Trading Down 0.5 %

Shares of NYSE:CPT traded down $0.56 during trading on Wednesday, hitting $117.44. The company had a trading volume of 1,471,662 shares, compared to its average volume of 993,002. 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 has a one year low of $85.30 and a one year high of $127.69. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 4.25 and a beta of 0.91. The company has a fifty day simple moving average of $121.77 and a two-hundred day simple moving average of $113.79.

Camden Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's payout ratio is 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.