Robeco Institutional Asset Management B.V. Acquires 7,741 Shares of Camden Property Trust (NYSE:CPT)

Robeco Institutional Asset Management B.V. increased its position in Camden Property Trust (NYSE:CPT – Get Rating) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,583 shares of the real estate investment trust’s stock after purchasing an additional 7,741 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Camden Property Trust worth $8,551,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CPT. Cohen & Steers Inc. lifted its holdings in shares of Camden Property Trust by 18.4% in the 3rd quarter. Cohen & Steers Inc. now owns 11,319,751 shares of the real estate investment trust’s stock worth $1,352,022,000 after purchasing an additional 1,758,386 shares in the last quarter. PGGM Investments bought a new position in shares of Camden Property Trust in the 3rd quarter worth $123,786,000. State Street Corp lifted its holdings in shares of Camden Property Trust by 12.5% in the 2nd quarter. State Street Corp now owns 6,825,189 shares of the real estate investment trust’s stock worth $924,069,000 after purchasing an additional 758,674 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Camden Property Trust by 45.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,915,471 shares of the real estate investment trust’s stock worth $228,803,000 after purchasing an additional 594,675 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Camden Property Trust by 384.2% in the 1st quarter. Renaissance Technologies LLC now owns 587,800 shares of the real estate investment trust’s stock worth $97,692,000 after purchasing an additional 466,400 shares in the last quarter. 93.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Camden Property Trust news, Director Heather J. Brunner sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total value of $143,864.46. Following the completion of the transaction, the director now owns 9,473 shares in the company, valued at approximately $1,066,375.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Camden Property Trust news, Director Heather J. Brunner sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total value of $143,864.46. Following the completion of the transaction, the director now owns 9,473 shares in the company, valued at approximately $1,066,375.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael P. Gallagher sold 1,332 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total value of $149,943.24. Following the completion of the transaction, the chief accounting officer now owns 28,110 shares of the company’s stock, valued at approximately $3,164,342.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,902 shares of company stock valued at $1,452,378. 2.00% of the stock is owned by insiders.

Camden Property Trust Trading Down 3.3 %

Shares of CPT opened at $101.72 on Friday. The business has a 50-day moving average of $116.89 and a 200 day moving average of $117.15. Camden Property Trust has a fifty-two week low of $101.34 and a fifty-two week high of $175.69. The firm has a market cap of $10.85 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.10 and a current ratio of 0.10.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a $1.00 dividend. The ex-dividend date is Thursday, March 30th. This represents a $4.00 annualized dividend and a yield of 3.93%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $0.94. Camden Property Trust’s dividend payout ratio (DPR) is 62.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CPT shares. StockNews.com started coverage on Camden Property Trust in a research report on Thursday. They issued a “sell” rating for the company. Royal Bank of Canada lowered their price target on Camden Property Trust from $135.00 to $134.00 and set an “outperform” rating for the company in a research report on Wednesday, February 8th. Piper Sandler lowered Camden Property Trust from an “overweight” rating to a “neutral” rating and set a $136.00 price target for the company. in a research report on Thursday, February 2nd. Mizuho increased their price target on Camden Property Trust from $131.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Finally, Citigroup increased their price target on Camden Property Trust from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Tuesday, February 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.62.

Camden Property Trust Profile

(Get Rating)

Camden Property Trust operates as a real estate investment trust. The firm engages in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life.