Natixis Advisors L.P. Boosts Stake in Camden Property Trust (NYSE:CPT)

Natixis Advisors L.P. raised its position in Camden Property Trust (NYSE:CPT) by 12.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,822 shares of the real estate investment trust’s stock after purchasing an additional 2,585 shares during the quarter. Natixis Advisors L.P.’s holdings in Camden Property Trust were worth $2,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPT. ING Groep NV increased its holdings in Camden Property Trust by 3.3% during the 1st quarter. ING Groep NV now owns 18,715 shares of the real estate investment trust’s stock worth $1,962,000 after purchasing an additional 603 shares during the period. Arizona State Retirement System grew its position in shares of Camden Property Trust by 3.1% during the 4th quarter. Arizona State Retirement System now owns 28,646 shares of the real estate investment trust’s stock worth $3,205,000 after buying an additional 861 shares in the last quarter. HRT Financial LP grew its position in shares of Camden Property Trust by 168.9% during the 4th quarter. HRT Financial LP now owns 28,673 shares of the real estate investment trust’s stock worth $3,207,000 after buying an additional 18,009 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Camden Property Trust by 61.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,497,064 shares of the real estate investment trust’s stock worth $279,372,000 after buying an additional 947,742 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Camden Property Trust by 2.8% during the 1st quarter. Mutual of America Capital Management LLC now owns 19,595 shares of the real estate investment trust’s stock worth $2,054,000 after buying an additional 537 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

Shares of Camden Property Trust stock opened at $106.74 on Friday. The stock has a market capitalization of $11.40 billion, a P/E ratio of 55.59, a PEG ratio of 3.36 and a beta of 0.79. The business has a 50 day simple moving average of $108.81 and a two-hundred day simple moving average of $108.60. Camden Property Trust has a 12 month low of $97.74 and a 12 month high of $136.02. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.14 and a quick ratio of 0.14.

Camden Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.75%. The ex-dividend date was Thursday, June 29th. Camden Property Trust’s dividend payout ratio is currently 208.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CPT shares. Bank of America lowered Camden Property Trust from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $121.00 in a research report on Monday, May 15th. Piper Sandler boosted their price target on Camden Property Trust from $124.00 to $126.00 in a research report on Monday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Camden Property Trust from $131.00 to $133.00 and gave the stock a “neutral” rating in a research report on Monday, August 21st. StockNews.com assumed coverage on shares of Camden Property Trust in a research report on Monday, August 21st. They issued a “hold” rating on the stock. Finally, Mizuho cut their price objective on shares of Camden Property Trust from $132.00 to $120.00 in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $128.25.

Camden Property Trust Company 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 58,961 apartment homes across the United States.