7,074 Shares in Camden Property Trust (NYSE:CPT) Acquired by ABC Arbitrage SA

ABC Arbitrage SA purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,074 shares of the real estate investment trust's stock, valued at approximately $821,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Camden Property Trust by 76.6% during the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after buying an additional 98 shares during the period. Quent Capital LLC grew its stake 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 worth $28,000 after purchasing an additional 114 shares during the period. Neo Ivy Capital Management acquired a new position in Camden Property Trust in the third quarter valued at about $38,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock worth $44,000 after buying an additional 206 shares during the last quarter. Finally, American Capital Advisory LLC grew its position in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock worth $53,000 after buying an additional 128 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their price objective for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Royal Bank of Canada lifted their price target 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. Scotiabank upped their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Mizuho dropped their price objective on 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. Finally, Stifel Nicolaus increased their price target 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 research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $126.53.

Insider Buying and Selling at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the business's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard J. Campo sold 1,043 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 $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. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock valued at $2,895,718 in the last three months. 1.90% of the stock is currently owned by company insiders.

Camden Property Trust Stock Performance

Shares of CPT traded down $0.43 during midday trading on Wednesday, reaching $118.94. The stock had a trading volume of 997,505 shares, compared to its average volume of 900,344. 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 50 day simple moving average of $115.12 and a 200-day simple moving average of $119.26. The firm has a market cap of $12.69 billion, a PE ratio of 79.30, a P/E/G ratio of 4.34 and a beta of 0.94. Camden Property Trust has a one year low of $92.26 and a one year high of $127.69.

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 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, sell-side 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 paid a $1.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.53%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is 274.67%.

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.