Edgestream Partners L.P. Grows Holdings in Camden Property Trust (NYSE:CPT)

Edgestream Partners L.P. lifted its holdings in shares of Camden Property Trust (NYSE:CPT - Free Report) by 50.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,849 shares of the real estate investment trust's stock after buying an additional 7,000 shares during the period. Edgestream Partners L.P.'s holdings in Camden Property Trust were worth $2,419,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake 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 valued at $26,000 after purchasing an additional 98 shares during the last quarter. National Pension Service purchased a new position in Camden Property Trust in the 4th quarter valued at $26,000. Quent Capital LLC increased its stake in 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 buying an additional 114 shares during the period. Neo Ivy Capital Management purchased a new position in Camden Property Trust during the 3rd quarter worth $38,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Camden Property Trust by 117.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 382 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

Insider Buying and Selling

In other news, CEO Richard J. Campo sold 1,043 shares of Camden Property Trust stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total value of $114,792.58. Following the transaction, the chief executive officer now directly owns 299,092 shares of the company's stock, valued at $32,918,065.52. The trade was a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Heather J. Brunner sold 1,853 shares of the stock in a transaction that occurred 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 sale, the director now directly 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,548 shares of company stock valued at $2,912,212. Insiders own 1.80% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CPT shares. Stifel Nicolaus boosted their price target on shares of Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded Camden Property Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $117.00 to $139.00 in a research report on Monday. Evercore ISI raised their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lowered Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Finally, Wells Fargo & Company cut their price objective 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. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $127.19.

Camden Property Trust Trading Down 1.4 %

Shares of NYSE CPT traded down $1.68 during midday trading on Thursday, reaching $116.72. 897,984 shares of the stock were exchanged, compared to its average volume of 865,420. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The company has a market capitalization of $12.46 billion, a P/E ratio of 77.81, a P/E/G ratio of 4.41 and a beta of 0.94. The stock has a 50 day moving average price of $116.67 and a 200-day moving average price of $119.54. 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 (NYSE:CPT - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Equities research analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.60%. This is an increase 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 payout ratio is presently 280.00%.

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.