Camden Property Trust (NYSE:CPT) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in Camden Property Trust (NYSE:CPT - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,250,406 shares of the real estate investment trust's stock after purchasing an additional 125,287 shares during the period. Vanguard Group Inc. owned about 16.17% of Camden Property Trust worth $2,001,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. raised its position in 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 purchasing an additional 98 shares in the last quarter. National Pension Service acquired a new stake in Camden Property Trust in the fourth quarter valued at approximately $26,000. 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 worth $28,000 after acquiring an additional 114 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in Camden Property Trust during the 4th quarter worth approximately $29,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Camden Property Trust in the 3rd quarter valued at approximately $38,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on CPT shares. Evercore ISI raised 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. Barclays increased 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 increased their price target on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Royal Bank of Canada increased 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, StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Camden Property Trust currently has an average rating of "Hold" and an average price target of $127.76.

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Camden Property Trust Stock Performance

Shares of NYSE CPT traded down $0.03 during mid-day trading on Monday, hitting $122.27. 1,480,134 shares of the company were exchanged, compared to its average volume of 892,141. The stock has a 50 day simple moving average of $118.76 and a 200-day simple moving average of $119.19. Camden Property Trust has a 1-year low of $94.75 and a 1-year high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 81.52, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

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, topping 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, sell-side analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The firm 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 is a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.43%. Camden Property Trust's payout ratio is presently 280.00%.

Insider Transactions at Camden Property Trust

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

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.