Naviter Wealth LLC Has $687,000 Stake in Camden Property Trust (NYSE:CPT)

Naviter Wealth LLC boosted its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 175.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,868 shares of the real estate investment trust's stock after purchasing an additional 3,737 shares during the period. Naviter Wealth LLC's holdings in Camden Property Trust were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPT. SMART Wealth LLC acquired a new stake in shares of Camden Property Trust in the third quarter valued at $829,000. Nordea Investment Management AB grew its holdings in Camden Property Trust by 15.0% during the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock worth $11,339,000 after acquiring an additional 12,805 shares during the last quarter. Franklin Resources Inc. increased its position in Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock valued at $23,174,000 after acquiring an additional 5,985 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Camden Property Trust by 10.5% in the third quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after acquiring an additional 51,097 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its stake in shares of Camden Property Trust by 7.7% in the fourth quarter. Atomi Financial Group Inc. now owns 2,335 shares of the real estate investment trust's stock worth $271,000 after acquiring an additional 166 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

CPT has been the subject of a number of research reports. Mizuho lowered their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Scotiabank upped their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their price target on shares of Camden Property Trust from $121.00 to $123.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Jefferies Financial Group raised shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their target price for the stock from $117.00 to $139.00 in a report on Monday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned 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 price target of $127.19.

Camden Property Trust Trading Down 1.7 %

Camden Property Trust stock traded down $2.08 during mid-day trading on Wednesday, hitting $118.40. 744,595 shares of the company's stock were exchanged, compared to its average volume of 866,840. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $12.64 billion, a P/E ratio of 78.93, a PEG ratio of 4.41 and a beta of 0.94. The company's 50 day simple moving average is $116.63 and its 200-day simple moving average is $119.55.

Camden Property Trust (NYSE:CPT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. On average, equities analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business 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 $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Monday, March 31st. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is 280.00%.

Insider Activity

In other Camden Property Trust news, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the sale, the chief executive officer now owns 299,092 shares of the company's stock, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the company's stock in a transaction dated Wednesday, January 8th. The stock was 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 of the company's stock, valued at $1,130,646.38. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $2,912,212 over the last quarter. 1.80% of the stock is currently owned by company insiders.

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.