Robeco Institutional Asset Management B.V. Sells 28,936 Shares of Camden Property Trust (NYSE:CPT)

Robeco Institutional Asset Management B.V. lessened its stake in Camden Property Trust (NYSE:CPT) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 312,874 shares of the real estate investment trust’s stock after selling 28,936 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.29% of Camden Property Trust worth $36,306,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Camden Property Trust in the second quarter valued at $696,000. AXA S.A. purchased a new stake in Camden Property Trust in the 2nd quarter worth about $206,000. Truist Financial Corp raised its stake in Camden Property Trust by 3.4% in the 2nd quarter. Truist Financial Corp now owns 18,105 shares of the real estate investment trust’s stock valued at $1,975,000 after acquiring an additional 599 shares during the period. Sanctuary Advisors LLC purchased a new stake in Camden Property Trust during the second quarter valued at about $1,257,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Camden Property Trust during the second quarter worth about $12,810,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on CPT shares. Jefferies Financial Group started coverage on shares of Camden Property Trust in a research report on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. StockNews.com lowered Camden Property Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Barclays decreased their price objective on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Mizuho cut their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, Stifel Nicolaus lowered Camden Property Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from $120.00 to $121.00 in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $125.36.

Camden Property Trust Stock Performance

NYSE:CPT opened at $113.21 on Friday. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 4.03 and a beta of 0.94. The business has a 50 day moving average of $116.66 and a 200 day moving average of $118.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. Camden Property Trust has a 1-year low of $90.50 and a 1-year high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.64%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

Insider Activity at Camden Property Trust

In related news, CEO Richard J. Campo sold 7,324 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,413 shares of company stock valued at $2,895,718. Insiders own 1.80% of the company’s stock.

About Camden Property Trust

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.