Sumitomo Mitsui Trust Group Inc. Increases Stock Position in Camden Property Trust (NYSE:CPT)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Camden Property Trust (NYSE:CPT - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297,519 shares of the real estate investment trust's stock after acquiring an additional 6,550 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of Camden Property Trust worth $34,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised 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 worth $26,000 after acquiring an additional 98 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Camden Property Trust during the third quarter worth about $38,000. MassMutual Private Wealth & Trust FSB grew its stake in Camden Property Trust by 117.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 206 shares during the period. American Capital Advisory LLC increased its holdings in Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 128 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Camden Property Trust in the third quarter valued at approximately $62,000. 97.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CPT shares. Royal Bank of Canada lifted their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Scotiabank raised their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research note on Friday. JPMorgan Chase & Co. downgraded Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Barclays reduced their price objective on Camden Property Trust from $138.00 to $126.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, StockNews.com raised Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $126.31.

Insider Buying and Selling

In related news, 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 transaction of $204,931.72. Following the sale, the chief financial officer now owns 122,384 shares of the company's stock, valued at approximately $13,469,583.04. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the company's 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 sale, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,413 shares of company stock valued at $2,895,718. Company insiders own 1.80% of the company's stock.

Camden Property Trust Stock Performance

Shares of CPT stock traded down $0.05 during trading on Friday, reaching $119.11. 604,305 shares of the company's stock traded hands, compared to its average volume of 792,537. The company has a market capitalization of $12.71 billion, a P/E ratio of 79.41, a PEG ratio of 4.27 and a beta of 0.94. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm's 50-day moving average is $115.19 and its 200 day moving average is $119.17. Camden Property Trust has a 1 year low of $92.26 and a 1 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 net margin of 10.58% and a return on equity of 3.32%. Equities research analysts expect that Camden Property Trust will post 6.8 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is 274.67%.

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.