Robeco Institutional Asset Management B.V. lessened its stake in Camden Property Trust (NYSE:CPT – Free Report) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,229 shares of the real estate investment trust’s stock after selling 524 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.29% of Camden Property Trust worth $35,298,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. bought a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $37,000. Tsfg LLC bought a new stake in shares of Camden Property Trust during the 1st quarter worth approximately $40,000. National Pension Service lifted its holdings in shares of Camden Property Trust by 74.2% during the 1st quarter. National Pension Service now owns 392 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 167 shares during the period. Allworth Financial LP lifted its holdings in shares of Camden Property Trust by 47.4% during the 1st quarter. Allworth Financial LP now owns 491 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 158 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Camden Property Trust in the first quarter valued at about $64,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.
Camden Property Trust Stock Performance
Camden Property Trust stock opened at $104.20 on Friday. The business has a 50 day moving average of $108.24 and a 200-day moving average of $112.94. Camden Property Trust has a 1 year low of $102.35 and a 1 year high of $127.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $11.13 billion, a P/E ratio of 72.87, a P/E/G ratio of 3.54 and a beta of 0.80.
Camden Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 4.0%. Camden Property Trust’s dividend payout ratio is currently 293.71%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Barclays dropped their target price on shares of Camden Property Trust from $128.00 to $127.00 and set an “overweight” rating for the company in a report on Tuesday. The Goldman Sachs Group downgraded shares of Camden Property Trust from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $118.00 to $106.00 in a research note on Wednesday, September 17th. Morgan Stanley cut their target price on shares of Camden Property Trust from $130.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camden Property Trust in a research note on Saturday, September 27th. Finally, Evercore ISI upped their price target on shares of Camden Property Trust from $114.00 to $116.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus target price of $121.73.
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.
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