Diversified Trust Co Invests $1.09 Million in Camden Property Trust (NYSE:CPT)

Diversified Trust Co purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,418 shares of the real estate investment trust's stock, valued at approximately $1,093,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CPT. Federated Hermes Inc. bought a new stake in Camden Property Trust in the 2nd quarter valued at $33,000. Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust in the third quarter valued at about $38,000. American Capital Advisory LLC lifted its holdings in shares of Camden Property Trust by 42.7% in the third quarter. American Capital Advisory LLC now owns 428 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 128 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Camden Property Trust during the third quarter worth about $62,000. Finally, Versant Capital Management Inc grew its holdings in shares of Camden Property Trust by 77.7% during the fourth quarter. Versant Capital Management Inc now owns 716 shares of the real estate investment trust's stock worth $83,000 after buying an additional 313 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Analyst Ratings Changes

CPT has been the topic of several research reports. JPMorgan Chase & Co. cut Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their target price for the company from $129.00 to $128.00 in a research note on Tuesday, December 17th. Barclays began coverage on shares of Camden Property Trust in a research report on Tuesday, December 17th. They issued an "overweight" rating and a $138.00 price objective on the stock. Evercore ISI raised their target price on shares of Camden Property Trust from $116.00 to $118.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Mizuho cut their price target on shares of Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, BNP Paribas assumed coverage on Camden Property Trust in a report on Wednesday, September 11th. They issued a "neutral" rating and a $129.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $126.75.

Insider Buying and Selling at Camden Property Trust

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 shares were sold at an average price of $110.06, for a total value of $114,792.58. Following the completion of the sale, the chief executive officer now owns 299,092 shares in the company, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heather J. Brunner sold 264 shares of the business's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 25,413 shares of company stock valued at $2,895,718 in the last three months. 1.80% of the stock is currently owned by company insiders.

Camden Property Trust Stock Performance

CPT stock traded up $0.74 during midday trading on Thursday, reaching $111.05. 882,139 shares of the company were exchanged, compared to its average volume of 879,288. Camden Property Trust has a one year low of $90.50 and a one year high of $127.69. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. The business has a 50-day moving average price of $119.10 and a two-hundred day moving average price of $118.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.15 and a quick ratio of 0.15.

Camden Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Wednesday, December 18th will be paid a $1.03 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $4.12 dividend on an annualized basis and a yield of 3.71%. Camden Property Trust's dividend payout ratio (DPR) is currently 130.38%.

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.