Charles Schwab Investment Management Inc. boosted its stake in Camden Property Trust (NYSE:CPT - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,514,550 shares of the real estate investment trust's stock after purchasing an additional 15,808 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.42% of Camden Property Trust worth $175,748,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. State of Michigan Retirement System lifted its stake in shares of Camden Property Trust by 2.5% in the 4th quarter. State of Michigan Retirement System now owns 32,200 shares of the real estate investment trust's stock valued at $3,736,000 after acquiring an additional 800 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Camden Property Trust by 11.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,201 shares of the real estate investment trust's stock worth $488,000 after purchasing an additional 436 shares in the last quarter. Jones Financial Companies Lllp raised its position in Camden Property Trust by 220.7% in the fourth quarter. Jones Financial Companies Lllp now owns 558 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 384 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Camden Property Trust by 33.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 132 shares in the last quarter. Finally, Aew Capital Management L P grew its holdings in shares of Camden Property Trust by 26.2% during the fourth quarter. Aew Capital Management L P now owns 158,455 shares of the real estate investment trust's stock worth $18,387,000 after purchasing an additional 32,870 shares during the last quarter. Institutional investors own 97.22% of the company's stock.
Camden Property Trust Price Performance
CPT traded down $1.55 during trading hours on Tuesday, hitting $120.48. The company's stock had a trading volume of 829,370 shares, compared to its average volume of 867,818. The stock has a market cap of $12.86 billion, a price-to-earnings ratio of 80.32, a P/E/G ratio of 4.41 and a beta of 0.94. The business's 50-day moving average price is $116.54 and its 200-day moving average price is $119.56. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69.
Camden Property Trust (NYSE:CPT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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%. Sell-side analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.
Camden Property Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.49%. 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. Camden Property Trust's dividend payout ratio is presently 280.00%.
Insider Buying and Selling at Camden Property Trust
In related news, CEO Richard J. Campo sold 7,324 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 value of $838,598.00. Following the completion of the transaction, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 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 value of $212,168.50. Following the completion of the transaction, the director now owns 10,537 shares of the company's stock, valued at approximately $1,206,486.50. The trade was a 14.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock valued at $2,912,212. Company insiders own 1.80% of the company's stock.
Wall Street Analyst Weigh In
CPT has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Barclays raised their price objective on Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Royal Bank of Canada upped their target price 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. 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. Finally, StockNews.com downgraded shares of Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust has an average rating of "Hold" and a consensus target price of $127.19.
View Our Latest Analysis on Camden Property Trust
Camden Property Trust Company Profile
(
Free Report)
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.
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