Sei Investments Co. Sells 74,589 Shares of Camden Property Trust (NYSE:CPT)

Sei Investments Co. cut its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 44.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,326 shares of the real estate investment trust's stock after selling 74,589 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Camden Property Trust worth $10,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. National Pension Service bought a new stake in shares of Camden Property Trust during the 4th quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after buying an additional 98 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Camden Property Trust by 87.0% in the 4th 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. IAG Wealth Partners LLC bought a new position in shares of Camden Property Trust in the 4th quarter valued at $29,000. Finally, Neo Ivy Capital Management bought a new stake in Camden Property Trust during the 3rd quarter worth $38,000. Institutional investors own 97.22% of the company's stock.

Insider Buying and Selling at Camden Property Trust

In other Camden Property Trust news, Director Heather J. Brunner sold 1,853 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 10,537 shares in the company, valued at approximately $1,206,486.50. This trade represents a 14.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $114.50, for a total transaction of $1,496,171.50. Following the completion of the sale, the chief financial officer now owns 124,246 shares of the company's stock, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock worth $2,912,212. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CPT has been the subject of several research reports. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and increased their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Scotiabank lifted their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, February 14th. Truist Financial upped their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Wells Fargo & Company cut their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Finally, Royal Bank of Canada increased their price objective on Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $127.76.

Camden Property Trust Stock Down 3.3 %

NYSE CPT traded down $4.05 on Thursday, hitting $118.75. 1,079,784 shares of the company were exchanged, compared to its average volume of 896,129. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company has a market cap of $12.92 billion, a PE ratio of 79.17, a PEG ratio of 4.41 and a beta of 0.94. The stock has a fifty day moving average of $119.35 and a 200-day moving average of $119.19.

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 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, analysts forecast that Camden Property Trust will post 6.76 earnings per share 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. Investors of record on Monday, March 31st will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 annualized dividend and a yield of 3.54%. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is presently 280.00%.

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.