Reinhart Partners LLC. Sells 18,271 Shares of Camden Property Trust (NYSE:CPT)

Reinhart Partners LLC. trimmed its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,286 shares of the real estate investment trust's stock after selling 18,271 shares during the period. Reinhart Partners LLC. owned 0.09% of Camden Property Trust worth $10,593,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CPT. Verdence Capital Advisors LLC lifted its stake in Camden Property Trust by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust's stock valued at $294,000 after buying an additional 113 shares during the period. Doliver Advisors LP increased its stake in shares of Camden Property Trust by 6.7% in the 4th quarter. Doliver Advisors LP now owns 1,801 shares of the real estate investment trust's stock valued at $209,000 after acquiring an additional 113 shares during the last quarter. American Capital Advisory LLC boosted its stake in Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 128 shares during the last quarter. ProShare Advisors LLC boosted its stake in Camden Property Trust by 0.5% during the 2nd quarter. ProShare Advisors LLC now owns 31,349 shares of the real estate investment trust's stock worth $3,420,000 after acquiring an additional 146 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in Camden Property Trust by 1.6% in the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust's stock valued at $1,148,000 after purchasing an additional 147 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Camden Property Trust

In other Camden Property Trust 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 value of $29,055.84. Following the transaction, the director now directly owns 10,273 shares in the company, valued at $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard J. Campo sold 7,324 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares of the company's stock, 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. In the last three months, insiders sold 25,413 shares of company stock worth $2,895,718. 1.80% of the stock is owned by company insiders.

Camden Property Trust Stock Performance

NYSE CPT traded up $2.54 on Monday, hitting $111.70. 537,754 shares of the stock were exchanged, compared to its average volume of 870,860. The company has a market capitalization of $11.92 billion, a PE ratio of 35.35, a P/E/G ratio of 4.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15. The business's fifty day moving average is $118.92 and its 200 day moving average is $118.53. Camden Property Trust has a 52 week low of $90.50 and a 52 week high of $127.69.

Camden Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be given a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.69%. Camden Property Trust's payout ratio is 130.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. Royal Bank of Canada reduced their target price on Camden Property Trust from $131.00 to $127.00 and set a "sector perform" rating on the stock in a report on Monday, November 4th. Stifel Nicolaus downgraded Camden Property Trust from a "buy" rating to a "hold" rating and increased their price target for the stock from $120.00 to $121.00 in a report on Wednesday, November 13th. Barclays initiated coverage on Camden Property Trust in a report on Tuesday, December 17th. They set an "overweight" rating and a $138.00 price objective on the stock. Finally, StockNews.com cut Camden Property Trust from a "hold" rating to a "sell" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $126.75.

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.