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

Robeco Institutional Asset Management B.V. cut its stake in Camden Property Trust (NYSE:CPT) by 8.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.’s holdings in Camden Property Trust were worth $36,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in Camden Property Trust by 86.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust’s stock valued at $243,952,000 after acquiring an additional 918,078 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Camden Property Trust by 508.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust’s stock worth $116,911,000 after purchasing an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Camden Property Trust by 97.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust’s stock worth $158,028,000 after purchasing an additional 630,768 shares in the last quarter. Heitman Real Estate Securities LLC boosted its holdings in shares of Camden Property Trust by 3,155.8% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust’s stock valued at $55,501,000 after buying an additional 435,495 shares in the last quarter. Finally, FMR LLC grew its position in shares of Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust’s stock worth $407,324,000 after buying an additional 416,701 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPT has been the topic of several research reports. Mizuho dropped their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group initiated coverage on Camden Property Trust in a research note on Friday, October 11th. They issued a “hold” rating and a $123.00 price target on the stock. JPMorgan Chase & Co. cut Camden Property Trust from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Stifel Nicolaus cut Camden Property Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from $120.00 to $121.00 in a research note on Wednesday, November 13th. Finally, Barclays lowered their price target on Camden Property Trust from $138.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $125.36.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the transaction, the director now owns 10,273 shares of the company’s stock, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now directly owns 299,092 shares in the company, valued at approximately $32,918,065.52. The trade was a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,413 shares of company stock worth $2,895,718. Company insiders own 1.80% of the company’s stock.

Camden Property Trust Trading Up 2.4 %

Camden Property Trust stock opened at $113.21 on Friday. Camden Property Trust has a 52-week low of $90.50 and a 52-week high of $127.69. The company has a market cap of $12.08 billion, a P/E ratio of 35.82, a P/E/G ratio of 4.03 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The business has a 50-day simple moving average of $116.66 and a two-hundred day simple moving average of $118.73.

Camden Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Wednesday, December 18th were issued a dividend of $1.03 per share. The ex-dividend date was Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.64%. Camden Property Trust’s dividend payout ratio 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.