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

Robeco Institutional Asset Management B.V. boosted its stake in Camden Property Trust (NYSE:CPT – Get Rating) by 12.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.’s holdings in Camden Property Trust were worth $8,551,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Camden Property Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 17,465,588 shares of the real estate investment trust’s stock worth $2,086,264,000 after purchasing an additional 351,965 shares during the period. Cohen & Steers Inc. increased its stake in 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 during the period. State Street Corp increased its stake in 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 during the period. Price T Rowe Associates Inc. MD increased its stake in Camden Property Trust by 1.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,131,129 shares of the real estate investment trust’s stock worth $286,594,000 after purchasing an additional 40,037 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Camden Property Trust by 28.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,069,866 shares of the real estate investment trust’s stock worth $344,011,000 after purchasing an additional 459,442 shares during the period. 93.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Camden Property Trust from $153.00 to $140.00 in a research note on Wednesday, January 4th. Citigroup boosted their target price on Camden Property Trust from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Tuesday, February 7th. TheStreet cut Camden Property Trust from a “b” rating to a “c+” rating in a research note on Monday, November 28th. Truist Financial reduced their target price on Camden Property Trust from $160.00 to $136.00 and set a “buy” rating on the stock in a research note on Tuesday, November 29th. Finally, Piper Sandler cut Camden Property Trust from an “overweight” rating to a “neutral” rating and set a $136.00 target price on the stock. in a research note on Thursday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.62.

Camden Property Trust Trading Down 3.3 %

Camden Property Trust stock opened at $101.72 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $116.89 and its two-hundred day simple moving average is $117.15. Camden Property Trust has a 12 month low of $101.34 and a 12 month high of $175.69. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.79.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.93%. This is an increase from Camden Property Trust’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, March 30th. Camden Property Trust’s payout ratio is 62.77%.

Insiders Place Their Bets

In other Camden Property Trust news, Director Heather J. Brunner sold 1,278 shares of the business’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total value of $143,864.46. Following the sale, the director now directly owns 9,473 shares of the company’s stock, valued at $1,066,375.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Heather J. Brunner sold 1,278 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $112.57, for a total transaction of $143,864.46. Following the transaction, the director now directly owns 9,473 shares of the company’s stock, valued at $1,066,375.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Michael P. Gallagher sold 1,332 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $112.57, for a total value of $149,943.24. Following the transaction, the chief accounting officer now directly owns 28,110 shares in the company, valued at $3,164,342.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,902 shares of company stock valued at $1,452,378. 2.00% of the stock is currently owned by corporate insiders.

About Camden Property Trust

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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.