Camden Property Trust (NYSE:CPT) Shares Sold by Banco Santander S.A.

Banco Santander S.A. lowered its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 25.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,697 shares of the real estate investment trust's stock after selling 25,620 shares during the quarter. Banco Santander S.A. owned approximately 0.07% of Camden Property Trust worth $8,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPT. SMART Wealth LLC bought a new stake in Camden Property Trust during the 3rd quarter worth approximately $829,000. Nordea Investment Management AB grew its position in shares of Camden Property Trust by 15.0% during the fourth quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock valued at $11,339,000 after purchasing an additional 12,805 shares in the last quarter. Franklin Resources Inc. increased its stake in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock worth $23,174,000 after acquiring an additional 5,985 shares during the last quarter. Principal Financial Group Inc. increased its position in Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after purchasing an additional 51,097 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its stake in Camden Property Trust by 7.7% during the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 166 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Camden Property Trust Stock Down 1.7 %

Shares of Camden Property Trust stock traded down $2.08 during trading on Wednesday, hitting $118.40. 744,569 shares of the stock traded hands, compared to its average volume of 937,286. 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 stock's fifty day simple moving average is $116.63 and its 200 day simple moving average is $119.55. The firm has a market cap of $12.64 billion, a P/E ratio of 78.93, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69.

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

Camden Property Trust Increases Dividend

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

Insider Activity

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 sale, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 1,853 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $212,168.50. Following the transaction, the director now owns 10,537 shares of the company's stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CPT has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Stifel Nicolaus boosted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Barclays raised their price objective on Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Evercore ISI lifted their target price on Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada increased their price target on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $127.19.

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.