Natixis Advisors LLC Has $3.10 Million Holdings in Camden Property Trust (NYSE:CPT)

Natixis Advisors LLC decreased its holdings in Camden Property Trust (NYSE:CPT) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,111 shares of the real estate investment trust’s stock after selling 3,190 shares during the period. Natixis Advisors LLC’s holdings in Camden Property Trust were worth $3,102,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CPT. Duquesne Family Office LLC acquired a new position in Camden Property Trust in the 2nd quarter valued at approximately $63,056,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of 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 acquiring an additional 333,961 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Camden Property Trust by 690.1% in the second quarter. American Century Companies Inc. now owns 248,533 shares of the real estate investment trust’s stock worth $27,117,000 after acquiring an additional 217,076 shares during the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of Camden Property Trust during the second quarter worth $22,913,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Camden Property Trust by 5.0% during the second quarter. Victory Capital Management Inc. now owns 4,314,030 shares of the real estate investment trust’s stock worth $470,704,000 after acquiring an additional 206,654 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CPT. Deutsche Bank Aktiengesellschaft boosted their target price on Camden Property Trust from $90.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Scotiabank lowered their price target on Camden Property Trust from $132.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Evercore ISI raised their price objective on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Piper Sandler boosted their target price on shares of Camden Property Trust from $110.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Bank of America upgraded 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. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $122.50.

Camden Property Trust Stock Performance

NYSE CPT opened at $122.90 on Friday. The company’s fifty day moving average is $120.92 and its two-hundred day moving average is $115.45. Camden Property Trust has a 52-week low of $87.61 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 4.45 and a beta of 0.91.

Camden Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were issued a $1.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.12 annualized dividend and a yield of 3.35%. Camden Property Trust’s dividend payout ratio (DPR) is 130.38%.

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.