Victory Capital Management Inc. Boosts Stock Holdings in Camden Property Trust (NYSE:CPT)

Victory Capital Management Inc. raised its position in Camden Property Trust (NYSE:CPT - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,400,846 shares of the real estate investment trust's stock after purchasing an additional 277,117 shares during the period. Camden Property Trust accounts for 0.5% of Victory Capital Management Inc.'s investment portfolio, making the stock its 20th biggest position. Victory Capital Management Inc. owned about 4.13% of Camden Property Trust worth $510,674,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CPT. National Pension Service bought a new stake in Camden Property Trust during the fourth quarter valued at $26,000. UMB Bank n.a. raised 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 acquiring an additional 98 shares in the last quarter. Quent Capital LLC boosted its position in shares of Camden Property Trust by 87.0% during the 4th 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. Neo Ivy Capital Management bought a new position in shares of Camden Property Trust in the third quarter worth approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Camden Property Trust by 117.0% in 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 last quarter. 97.22% of the stock is owned by institutional investors.

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Insider Activity

In other news, CFO Alexander J. Jessett sold 1,862 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $204,931.72. Following the sale, the chief financial officer now directly owns 122,384 shares of the company's stock, valued at $13,469,583.04. This represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heather J. Brunner sold 1,853 shares of Camden Property Trust stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $212,168.50. Following 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 disclosure for this sale can be found here. Insiders sold a total of 25,413 shares of company stock worth $2,895,718 in the last quarter. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CPT shares. Evercore ISI boosted their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Stifel Nicolaus upped their target price on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Mizuho lowered their price target on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Barclays lifted their price target on Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company reduced 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 note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $126.53.

Camden Property Trust Trading Down 0.4 %

NYSE:CPT traded down $0.44 during trading hours on Friday, hitting $121.38. The company had a trading volume of 731,214 shares, compared to its average volume of 871,658. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a 50-day moving average price of $116.27 and a 200 day moving average price of $119.55. The company has a market capitalization of $12.96 billion, a PE ratio of 80.92, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. Camden Property Trust has a 52 week low of $94.75 and a 52 week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share 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 3.35%. On average, equities research analysts predict that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The company 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. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.46%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is currently 280.00%.

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.