Intech Investment Management LLC Acquires New Shares in Camden Property Trust (NYSE:CPT)

Intech Investment Management LLC acquired a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,651 shares of the real estate investment trust's stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPT. National Pension Service purchased a new stake in shares of Camden Property Trust in the 4th quarter worth approximately $26,000. UMB Bank n.a. increased its holdings in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 98 shares in the last quarter. Quent Capital LLC increased its holdings in shares of Camden Property Trust by 87.0% during the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 114 shares in the last quarter. IAG Wealth Partners LLC purchased a new position in shares of Camden Property Trust in the 4th quarter worth about $29,000. Finally, Neo Ivy Capital Management purchased a new stake in Camden Property Trust during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 97.22% of the company's stock.

Insiders Place Their Bets

In other news, CEO Richard J. Campo sold 1,043 shares of the firm's 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 completion of the sale, the chief executive officer now owns 299,092 shares in the company, valued at approximately $32,918,065.52. This trade represents a 0.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares of the company's stock, valued at approximately $1,130,646.38. The trade was a 2.51 % 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 ninety days. 1.80% of the stock is owned by insiders.

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Camden Property Trust Price Performance

CPT traded up $0.23 on Friday, hitting $122.17. 1,151,136 shares of the company's stock traded hands, compared to its average volume of 891,091. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 81.45, a P/E/G ratio of 4.41 and a beta of 0.94. The company's 50 day simple moving average is $118.57 and its 200-day simple moving average is $119.25.

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

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.44%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CPT shares. Scotiabank upped their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Evercore ISI upped their price objective on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Barclays boosted their price target 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. 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 report on Monday, March 10th. Finally, Stifel Nicolaus lifted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given 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 $127.76.

Camden Property Trust Company 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.