Impax Asset Management Group plc Takes Position in Camden Property Trust (NYSE:CPT)

Impax Asset Management Group plc bought a new position in Camden Property Trust (NYSE:CPT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,423 shares of the real estate investment trust’s stock, valued at approximately $670,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Duquesne Family Office LLC purchased a new position in shares of Camden Property Trust in the second quarter valued at about $63,056,000. Robeco Institutional Asset Management B.V. increased 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 purchasing an additional 333,961 shares during the period. Vanguard Group Inc. increased its holdings in Camden Property Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,291,878 shares of the real estate investment trust’s stock valued at $1,701,521,000 after purchasing an additional 289,425 shares during the period. American Century Companies Inc. raised its position in Camden Property Trust by 690.1% during the 2nd quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock valued at $27,117,000 after purchasing an additional 217,076 shares during the last quarter. Finally, Empyrean Capital Partners LP purchased a new stake in Camden Property Trust in the 2nd quarter worth approximately $22,913,000. 97.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada decreased their target price on Camden Property Trust from $131.00 to $127.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Stifel Nicolaus lowered shares of Camden Property Trust from a “buy” rating to a “hold” rating and upped their price objective for the stock from $120.00 to $121.00 in a report on Wednesday. Truist Financial lifted their target price on shares of Camden Property Trust from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Bank of America raised shares of Camden Property Trust from an “underperform” rating to a “buy” rating and increased their price target for the stock from $111.00 to $147.00 in a research note on Monday, August 12th. Finally, The Goldman Sachs Group began coverage on Camden Property Trust in a report on Wednesday, September 4th. They set a “neutral” rating and a $139.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Camden Property Trust presently has an average rating of “Hold” and a consensus price target of $122.50.

Camden Property Trust Stock Performance

Shares of CPT stock opened at $119.77 on Friday. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 37.90, a price-to-earnings-growth ratio of 4.49 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 has a one year low of $86.50 and a one year high of $127.69. The company’s 50-day moving average is $121.10 and its 200 day moving average is $114.88.

Camden Property Trust Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Monday, September 30th. Camden Property Trust’s dividend payout ratio (DPR) is currently 130.38%.

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.