Miller Howard Investments Inc. NY Lowers Stock Holdings in Camden Property Trust (NYSE:CPT)

Miller Howard Investments Inc. NY cut its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 96.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,631 shares of the real estate investment trust's stock after selling 181,375 shares during the period. Miller Howard Investments Inc. NY's holdings in Camden Property Trust were worth $769,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Czech National Bank raised its stake in shares of Camden Property Trust by 7.0% during the third quarter. Czech National Bank now owns 21,722 shares of the real estate investment trust's stock valued at $2,683,000 after acquiring an additional 1,420 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Camden Property Trust by 18.1% during the third quarter. Atomi Financial Group Inc. now owns 2,169 shares of the real estate investment trust's stock valued at $268,000 after acquiring an additional 332 shares during the last quarter. CWM LLC raised its stake in shares of Camden Property Trust by 20.4% during the third quarter. CWM LLC now owns 2,541 shares of the real estate investment trust's stock valued at $314,000 after acquiring an additional 430 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Camden Property Trust by 1,538.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,065 shares of the real estate investment trust's stock valued at $132,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Camden Property Trust by 37.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,938 shares of the real estate investment trust's stock valued at $239,000 after acquiring an additional 526 shares during the last quarter. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Stock Up 0.6 %

CPT traded up $0.71 during midday trading on Thursday, reaching $119.11. The company's stock had a trading volume of 817,661 shares, compared to its average volume of 905,968. The stock's 50-day moving average is $115.30 and its 200-day moving average is $119.08. Camden Property Trust has a 1 year low of $91.95 and a 1 year high of $127.69. 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 has a market capitalization of $12.71 billion, a price-to-earnings ratio of 79.41, a PEG ratio of 4.27 and a beta of 0.94.

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 3.32%. As a group, 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 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 a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.53%. Camden Property Trust's dividend payout ratio is presently 280.00%.

Insider Activity at Camden Property Trust

In other news, Director Heather J. Brunner sold 264 shares of Camden Property Trust 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 owns 10,273 shares in the company, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of Camden Property Trust stock in a transaction 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 owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock worth $2,895,718 over the last quarter. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CPT shares. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Mizuho reduced their price target on shares of 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 reduced their price target on shares of Camden Property Trust from $138.00 to $126.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Scotiabank reduced their price target on shares of Camden Property Trust from $132.00 to $130.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price target 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. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Camden Property Trust has an average rating of "Hold" and a consensus price target of $126.03.

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.