UniSuper Management Pty Ltd Acquires 3,432 Shares of Camden Property Trust (NYSE:CPT)

UniSuper Management Pty Ltd boosted its position in Camden Property Trust (NYSE:CPT - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,419 shares of the real estate investment trust's stock after buying an additional 3,432 shares during the quarter. UniSuper Management Pty Ltd's holdings in Camden Property Trust were worth $5,386,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. National Pension Service acquired a new stake in Camden Property Trust in the 4th quarter valued at $26,000. UMB Bank n.a. boosted its holdings in shares of Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 98 shares during the last quarter. Quent Capital LLC lifted its stake in Camden Property Trust by 87.0% in the fourth quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new stake in shares of Camden Property Trust in the fourth quarter valued at approximately $29,000. Finally, Neo Ivy Capital Management bought a new position in shares of Camden Property Trust during the 3rd quarter worth approximately $38,000. Institutional investors own 97.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CPT. Citigroup raised Camden Property Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $125.00 to $138.00 in a report on Friday, March 28th. Evercore ISI boosted their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Wells Fargo & Company lowered their price objective on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada boosted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Finally, Scotiabank boosted 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. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and a consensus target price of $127.76.

Insider Buying and Selling

In related news, CEO Richard J. Campo sold 1,043 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the transaction, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. This represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heather J. Brunner sold 264 shares of Camden Property Trust stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the sale, the director now directly owns 10,273 shares of the company's stock, valued at approximately $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $2,912,212 over the last three months. Corporate insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

Shares of NYSE:CPT traded up $0.49 during midday trading on Wednesday, reaching $122.41. 324,915 shares of the company traded hands, compared to its average volume of 891,825. The firm's fifty day moving average price is $118.94 and its two-hundred day moving average price is $119.16. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 81.52, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its 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 expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.43%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

About Camden Property Trust

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.