Camden Property Trust (NYSE:CPT) Stake Reduced by Andra AP fonden

Andra AP fonden reduced its position in Camden Property Trust (NYSE:CPT - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,800 shares of the real estate investment trust's stock after selling 9,800 shares during the quarter. Andra AP fonden owned 0.12% of Camden Property Trust worth $14,482,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CPT. UMB Bank n.a. lifted its holdings in 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 worth $26,000 after buying an additional 98 shares during the period. National Pension Service purchased a new stake in shares of Camden Property Trust in the 4th quarter valued at $26,000. Quent Capital LLC grew its holdings in 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 acquiring an additional 114 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Camden Property Trust by 117.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

Camden Property Trust Trading Down 1.7 %

Camden Property Trust stock traded down $2.08 during midday trading on Wednesday, reaching $118.40. The stock had a trading volume of 744,568 shares, compared to its average volume of 866,631. The stock's 50-day simple moving average is $116.63 and its 200 day simple moving average is $119.55. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a market capitalization of $12.64 billion, a PE ratio of 78.93, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

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Camden Property Trust (NYSE:CPT - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) 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%. Analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.55%. Camden Property Trust's dividend payout ratio (DPR) is 280.00%.

Insiders Place Their Bets

In related news, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total value of $838,598.00. Following the completion of the transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alexander J. Jessett sold 1,862 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $204,931.72. Following the sale, the chief financial officer now owns 122,384 shares in the company, valued at $13,469,583.04. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $2,912,212 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on CPT shares. Evercore ISI raised their price target on shares of 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. StockNews.com cut shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company decreased their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $117.00 to $139.00 in a report on Monday. Finally, Stifel Nicolaus increased their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $127.19.

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.