Freestone Capital Holdings LLC Lowers Position in Camden Property Trust (NYSE:CPT)

Freestone Capital Holdings LLC lowered its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 55.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,537 shares of the real estate investment trust's stock after selling 30,617 shares during the period. Freestone Capital Holdings LLC's holdings in Camden Property Trust were worth $2,847,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPT. Inceptionr LLC purchased a new stake in shares of Camden Property Trust during the fourth quarter worth about $621,000. Raymond James Financial Inc. bought a new position in Camden Property Trust during the 4th quarter valued at approximately $17,616,000. Arizona State Retirement System lifted its holdings in Camden Property Trust by 1.5% in the 4th quarter. Arizona State Retirement System now owns 30,972 shares of the real estate investment trust's stock worth $3,594,000 after buying an additional 450 shares during the period. Proficio Capital Partners LLC purchased a new stake in Camden Property Trust in the 4th quarter worth approximately $13,263,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in shares of Camden Property Trust by 66.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 375,753 shares of the real estate investment trust's stock worth $43,602,000 after buying an additional 150,491 shares during the last quarter. Institutional investors own 97.22% of the company's stock.

Insider Activity at Camden Property Trust

In related 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 in the company, valued at $14,226,167. This represents a 9.52 % 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 1,853 shares of the firm's 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 $212,168.50. Following the completion of the sale, the director now owns 10,537 shares in the company, valued at $1,206,486.50. This represents a 14.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,413 shares of company stock valued at $2,895,718 over the last ninety days. Insiders own 1.80% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. downgraded Camden Property Trust from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Truist Financial raised 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. Evercore ISI boosted their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price objective on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a report on Monday, February 10th. Finally, Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $117.00 to $139.00 in a research report on Monday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust currently has a consensus rating of "Hold" and an average target price of $127.19.

Camden Property Trust Stock Up 0.3 %

Shares of CPT traded up $0.36 during trading hours on Monday, hitting $121.85. The company had a trading volume of 1,451,060 shares, compared to its average volume of 868,135. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 81.23, a P/E/G ratio of 4.41 and a beta of 0.94. The firm has a fifty day moving average price of $116.39 and a 200-day moving average price of $119.56. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14.

Camden Property Trust (NYSE:CPT - Get Free Report) last posted 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 3.35%. On average, equities research 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 declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, March 31st. Camden Property Trust's dividend payout ratio is presently 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.