Corient Private Wealth LLC Cuts Stock Position in Camden Property Trust (NYSE:CPT)

Corient Private Wealth LLC trimmed its stake in Camden Property Trust (NYSE:CPT - Free Report) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,064 shares of the real estate investment trust's stock after selling 2,777 shares during the period. Corient Private Wealth LLC's holdings in Camden Property Trust were worth $5,113,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CPT. National Pension Service purchased a new stake in Camden Property Trust in the fourth quarter worth about $26,000. UMB Bank n.a. increased its holdings in Camden Property Trust by 76.6% in the 4th quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 98 shares in the last quarter. Quent Capital LLC raised its stake in Camden Property Trust by 87.0% during the 4th quarter. Quent Capital LLC now owns 245 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 114 shares during the period. IAG Wealth Partners LLC purchased a new position in Camden Property Trust during the fourth quarter valued at approximately $29,000. Finally, Neo Ivy Capital Management bought a new position in shares of Camden Property Trust in the third quarter worth approximately $38,000. 97.22% of the stock is owned by institutional investors.

Camden Property Trust Trading Up 0.7 %

Shares of CPT traded up $0.87 during mid-day trading on Wednesday, reaching $122.10. 970,922 shares of the company's stock traded hands, compared to its average volume of 855,973. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock's 50-day moving average is $117.98 and its two-hundred day moving average is $119.20. Camden Property Trust has a 12 month low of $94.75 and a 12 month high of $127.69. The stock has a market cap of $13.04 billion, a P/E ratio of 81.40, a P/E/G ratio of 4.41 and a beta of 0.94.

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Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.44%. Camden Property Trust's dividend payout ratio (DPR) is currently 280.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and increased their target price for the stock from $117.00 to $139.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. cut Camden Property Trust from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Barclays increased their price objective on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lowered their target price 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $127.19.

Insider Buying and Selling

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 shares were 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. This trade represents a 14.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the business'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 $838,598.00. Following the sale, the chief executive officer now owns 300,135 shares in the company, valued at approximately $34,365,457.50. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $2,912,212 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

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.