Camden Property Trust (NYSE:CPT) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in shares of Camden Property Trust (NYSE:CPT - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301,200 shares of the real estate investment trust's stock after selling 15,400 shares during the period. Swiss National Bank owned about 0.28% of Camden Property Trust worth $34,951,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CPT. UMB Bank n.a. lifted its position in Camden Property Trust by 76.6% in the fourth 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 during the last quarter. National Pension Service purchased a new stake in Camden Property Trust in the fourth quarter valued at $26,000. Quent Capital LLC lifted its position in Camden Property Trust by 87.0% in the fourth 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 purchased a new stake in Camden Property Trust in the third quarter valued at $38,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in 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 valued at $44,000 after acquiring an additional 206 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Camden Property Trust Price Performance

CPT traded up $0.17 on Thursday, hitting $120.01. 789,150 shares of the company were exchanged, compared to its average volume of 855,806. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The business's fifty day moving average is $117.23 and its 200 day moving average is $119.36. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The firm has a market capitalization of $12.81 billion, a P/E ratio of 80.01, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94.

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Camden Property Trust (NYSE:CPT - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is 280.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CPT shares. 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, February 10th. Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and boosted their price target for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Mizuho dropped their price objective on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Truist Financial lifted their price objective on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Finally, StockNews.com upgraded shares of Camden Property Trust from a "sell" rating to a "hold" rating in a research note on Tuesday. One 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. According to MarketBeat.com, Camden Property Trust has an average rating of "Hold" and an average target price of $127.19.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, CFO Alexander J. Jessett sold 13,067 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the sale, the chief financial officer now owns 124,246 shares of the company's stock, 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 accessible through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company's stock in a transaction that occurred 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 directly owns 10,273 shares in the company, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock valued at $2,912,212 over the last quarter. Corporate insiders own 1.80% of the company's stock.

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.