Bedell Frazier Investment Counselling LLC Has $952,000 Holdings in Camden Property Trust (NYSE:CPT)

Bedell Frazier Investment Counselling LLC reduced its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 78.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,208 shares of the real estate investment trust's stock after selling 30,304 shares during the quarter. Bedell Frazier Investment Counselling LLC's holdings in Camden Property Trust were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Camden Property Trust by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust's stock worth $2,001,737,000 after buying an additional 125,287 shares during the period. State Street Corp increased its position in Camden Property Trust by 0.5% during the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust's stock worth $886,693,000 after purchasing an additional 36,528 shares during the last quarter. Victory Capital Management Inc. grew its position in Camden Property Trust by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust's stock valued at $510,674,000 after acquiring an additional 277,117 shares during the period. Geode Capital Management LLC boosted its stake in shares of Camden Property Trust by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust's stock valued at $337,394,000 after purchasing an additional 20,097 shares during the period. Finally, Wellington Management Group LLP boosted its position in Camden Property Trust by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,078,944 shares of the real estate investment trust's stock valued at $241,241,000 after buying an additional 104,102 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $212,168.50. Following the sale, the director now directly owns 10,537 shares in the company, valued at $1,206,486.50. This trade represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard J. Campo sold 1,043 shares of the firm'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 $114,792.58. Following the completion of the transaction, the chief executive officer now owns 299,092 shares of the company's stock, 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. In the last 90 days, insiders sold 25,548 shares of company stock worth $2,912,212. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CPT shares. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Barclays boosted their price objective on Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Scotiabank boosted their price target on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. StockNews.com raised shares of Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Truist Financial upped their target price on shares of Camden Property Trust from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $127.76.

Camden Property Trust Trading Down 4.4 %

Shares of NYSE CPT traded down $5.17 during mid-day trading on Friday, hitting $113.72. The company's stock had a trading volume of 873,046 shares, compared to its average volume of 948,640. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 75.88, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company's fifty day simple moving average is $119.35 and its 200-day simple moving average is $119.19. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 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%. On average, sell-side analysts anticipate 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 disclosed 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. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's payout ratio is currently 280.00%.

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.