The Manufacturers Life Insurance Company Buys 2,590 Shares of Camden Property Trust (NYSE:CPT)

The Manufacturers Life Insurance Company increased its stake in Camden Property Trust (NYSE:CPT) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,361 shares of the real estate investment trust’s stock after purchasing an additional 2,590 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.10% of Camden Property Trust worth $13,262,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CPT. Duquesne Family Office LLC acquired a new stake in shares of Camden Property Trust in the second quarter worth $63,056,000. Jennison Associates LLC bought a new stake in Camden Property Trust in the 3rd quarter valued at $47,140,000. Robeco Institutional Asset Management B.V. grew its position in Camden Property Trust by 4,254.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 341,810 shares of the real estate investment trust’s stock worth $42,224,000 after purchasing an additional 333,961 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 worth $27,117,000 after purchasing an additional 217,076 shares during the period. Finally, Empyrean Capital Partners LP acquired a new position in shares of Camden Property Trust during the second quarter valued at about $22,913,000. Institutional investors own 97.22% of the company’s stock.

Analyst Upgrades and Downgrades

CPT has been the subject of several recent research reports. Royal Bank of Canada cut their price target 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. StockNews.com downgraded shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Stifel Nicolaus cut shares of Camden Property Trust from a “buy” rating to a “hold” rating and increased their price objective for the company from $120.00 to $121.00 in a research note on Wednesday, November 13th. BNP Paribas began coverage on shares of Camden Property Trust in a research report on Wednesday, September 11th. They set a “neutral” rating and a $129.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Camden Property Trust from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Camden Property Trust presently has a consensus rating of “Hold” and an average target price of $122.50.

Camden Property Trust Trading Down 1.5 %

CPT opened at $123.96 on Tuesday. Camden Property Trust has a fifty-two week low of $90.50 and a fifty-two week high of $127.69. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 39.23, a price-to-earnings-growth ratio of 4.59 and a beta of 0.91. 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 50 day simple moving average of $120.93 and a 200 day simple moving average of $116.38.

Camden Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.32%. Camden Property Trust’s dividend payout ratio (DPR) is presently 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.