151,807 Shares in Camden Property Trust (NYSE:CPT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 151,807 shares of the real estate investment trust's stock, valued at approximately $17,616,000. Raymond James Financial Inc. owned approximately 0.14% of Camden Property Trust as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its position in Camden Property Trust by 1.5% during the fourth quarter. Arizona State Retirement System now owns 30,972 shares of the real estate investment trust's stock valued at $3,594,000 after purchasing an additional 450 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Camden Property Trust during the fourth quarter worth $13,263,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Camden Property Trust by 66.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,753 shares of the real estate investment trust's stock valued at $43,602,000 after purchasing an additional 150,491 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Camden Property Trust by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock worth $510,674,000 after purchasing an additional 277,117 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Camden Property Trust by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,514,550 shares of the real estate investment trust's stock valued at $175,748,000 after buying an additional 15,808 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

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Insider Activity at Camden Property Trust

In other news, Director Heather J. Brunner sold 1,853 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $212,168.50. Following the completion of the sale, the director now directly owns 10,537 shares of the company's stock, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $114,792.58. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock valued at $2,912,212 over the last quarter. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on CPT shares. Evercore ISI increased their price target on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Barclays boosted their price objective on Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Finally, Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and increased their price objective for the company from $117.00 to $139.00 in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $127.19.

Camden Property Trust Stock Down 0.7 %

Camden Property Trust stock traded down $0.89 during mid-day trading on Friday, reaching $119.16. 1,695,284 shares of the company's stock were exchanged, compared to its average volume of 859,055. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The company has a market cap of $12.72 billion, a P/E ratio of 79.44, a P/E/G ratio of 4.41 and a beta of 0.94. The company has a fifty day moving average of $117.41 and a 200-day moving average of $119.36.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Sell-side analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.52%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is presently 280.00%.

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.