Cibc World Markets Corp Boosts Stock Holdings in Camden Property Trust (NYSE:CPT)

Cibc World Markets Corp grew its position in Camden Property Trust (NYSE:CPT - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,907 shares of the real estate investment trust's stock after acquiring an additional 5,244 shares during the period. Cibc World Markets Corp's holdings in Camden Property Trust were worth $5,559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CPT. GSA Capital Partners LLP purchased a new stake in shares of Camden Property Trust in the third quarter valued at about $453,000. CIBC Asset Management Inc boosted its holdings in shares of Camden Property Trust by 7.5% in the third quarter. CIBC Asset Management Inc now owns 16,168 shares of the real estate investment trust's stock valued at $1,997,000 after acquiring an additional 1,130 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Camden Property Trust by 10.7% in the third quarter. Mutual of America Capital Management LLC now owns 37,760 shares of the real estate investment trust's stock valued at $4,664,000 after acquiring an additional 3,646 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Camden Property Trust in the third quarter valued at about $790,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Camden Property Trust by 2.1% in the third quarter. PNC Financial Services Group Inc. now owns 16,908 shares of the real estate investment trust's stock valued at $2,089,000 after acquiring an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

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Camden Property Trust Price Performance

Shares of CPT stock traded down $0.89 during trading hours on Friday, hitting $119.16. The company's stock had a trading volume of 1,696,728 shares, compared to its average volume of 858,113. The business has a fifty day moving average of $117.61 and a 200-day moving average of $119.27. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 79.44, a P/E/G ratio of 4.41 and a beta of 0.94. Camden Property Trust has a twelve month low of $94.75 and a twelve month high of $127.69. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (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%. As a group, equities research analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $1.05 per share. This is an increase 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 dividend yield of 3.52%. Camden Property Trust's dividend payout ratio is presently 280.00%.

Analyst Upgrades and Downgrades

CPT has been the topic of several analyst reports. Royal Bank of Canada lifted 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 report on Monday, February 10th. Scotiabank upped their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. 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. Finally, Wells Fargo & Company lowered their target price on shares of 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $127.19.

Insider Activity at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the transaction, the chief financial officer now owns 124,246 shares of the company's stock, valued at $14,226,167. This trade represents a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 300,135 shares in the company, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,548 shares of company stock valued at $2,912,212. Company insiders own 1.80% of the company's stock.

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.