Coronation Fund Managers Ltd. Reduces Position in Camden Property Trust (NYSE:CPT)

Coronation Fund Managers Ltd. lowered its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,907 shares of the real estate investment trust's stock after selling 20,445 shares during the period. Coronation Fund Managers Ltd. owned about 0.06% of Camden Property Trust worth $7,416,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of 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 buying an additional 98 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Camden Property Trust in the third quarter worth about $38,000. MassMutual Private Wealth & Trust FSB boosted its stake 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. American Capital Advisory LLC grew its position in shares of Camden Property Trust by 42.7% during the 3rd quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 128 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in shares of Camden Property Trust during the 3rd quarter worth approximately $62,000. Institutional investors own 97.22% of the company's stock.

Camden Property Trust Price Performance

NYSE:CPT traded up $0.71 during trading hours on Thursday, hitting $119.11. 817,661 shares of the company's stock traded hands, compared to its average volume of 905,968. Camden Property Trust has a 52 week low of $91.95 and a 52 week high of $127.69. The business's fifty day simple moving average is $115.30 and its two-hundred day simple moving average is $119.08. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.72. The firm has a market cap of $12.71 billion, a P/E ratio of 79.41, a P/E/G ratio of 4.27 and a beta of 0.94.

Camden Property Trust (NYSE:CPT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.32% and a net margin of 10.58%. On average, research analysts anticipate that Camden Property Trust will post 6.8 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.53%. This is a boost from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is 280.00%.

Insider Transactions at Camden Property Trust

In other news, CEO Richard J. Campo sold 7,324 shares of the company'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 $838,598.00. Following the completion of the sale, the chief executive officer now owns 300,135 shares of the company's stock, valued at approximately $34,365,457.50. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alexander J. Jessett sold 13,067 shares of Camden Property Trust 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 transaction, the chief financial officer now owns 124,246 shares in the company, 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 ninety days, insiders sold 25,413 shares of company stock valued at $2,895,718. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. downgraded Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Evercore ISI upped their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday. Stifel Nicolaus lifted their price objective on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Barclays dropped their price objective on shares of Camden Property Trust from $138.00 to $126.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Camden Property Trust presently has an average rating of "Hold" and a consensus target price of $126.03.

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.