Vinva Investment Management Ltd Purchases Shares of 9,971 Camden Property Trust (NYSE:CPT)

Vinva Investment Management Ltd purchased a new stake in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,971 shares of the real estate investment trust's stock, valued at approximately $1,234,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Camden Property Trust by 508.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust's stock valued at $116,911,000 after buying an additional 790,974 shares during the period. Duquesne Family Office LLC purchased a new stake in Camden Property Trust during the 2nd quarter valued at $63,056,000. FMR LLC raised its holdings in Camden Property Trust by 14.5% during the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock valued at $407,324,000 after buying an additional 416,701 shares during the period. Jennison Associates LLC purchased a new stake in Camden Property Trust during the 3rd quarter valued at $47,140,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Camden Property Trust by 4,254.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust's stock valued at $42,224,000 after buying an additional 333,961 shares during the period. Hedge funds and other institutional investors own 97.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CPT. Evercore ISI increased their price target on Camden Property Trust from $116.00 to $118.00 and gave the company an "in-line" rating in a report on Monday, September 16th. BNP Paribas began coverage on Camden Property Trust in a research note on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 target price on the stock. Scotiabank reduced their target price on Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 14th. Jefferies Financial Group began coverage on Camden Property Trust in a research note on Friday, October 11th. They issued a "hold" rating and a $123.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Camden Property Trust from $90.00 to $115.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $122.50.

Camden Property Trust Stock Down 1.0 %

CPT stock traded down $1.23 during trading on Friday, reaching $125.80. 428,802 shares of the company traded hands, compared to its average volume of 976,479. Camden Property Trust has a 12 month low of $89.01 and a 12 month high of $127.69. The business has a 50 day simple moving average of $120.99 and a 200 day simple moving average of $116.14. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 4.63 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.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Monday, September 30th. Camden Property Trust's payout ratio 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.