Amundi Decreases Stock Holdings in Camden Property Trust (NYSE:CPT)

Amundi reduced its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 253,535 shares of the real estate investment trust's stock after selling 15,098 shares during the quarter. Amundi owned 0.24% of Camden Property Trust worth $28,154,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CPT. UMB Bank n.a. increased its position 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. First American Bank boosted its stake in Camden Property Trust by 1.0% during the 4th quarter. First American Bank now owns 10,846 shares of the real estate investment trust's stock valued at $1,259,000 after purchasing an additional 104 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Camden Property Trust by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 4,297 shares of the real estate investment trust's stock worth $499,000 after purchasing an additional 105 shares in the last quarter. Doliver Advisors LP raised its stake in shares of Camden Property Trust by 6.7% in the fourth quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock worth $209,000 after purchasing an additional 113 shares during the last quarter. Finally, Quent Capital LLC lifted 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 purchasing an additional 114 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, Director Heather J. Brunner sold 1,853 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following the completion of the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard J. Campo sold 7,324 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded up $2.15 during mid-day trading on Monday, reaching $120.24. 705,775 shares of the company traded hands, compared to its average volume of 858,680. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69. The firm has a market cap of $12.84 billion, a PE ratio of 80.16, a PEG ratio of 4.41 and a beta of 0.94. The company's 50 day moving average price is $116.74 and its 200-day moving average price is $119.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15.

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 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%. On average, equities analysts expect that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a yield of 3.49%. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a report on Monday, February 10th. StockNews.com lowered shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 8th. Truist Financial increased their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Evercore ISI raised their target price on shares of 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, Wells Fargo & Company decreased their target price on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.