10,796 Shares in Camden Property Trust (NYSE:CPT) Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new position in shares of Camden Property Trust (NYSE:CPT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,796 shares of the real estate investment trust's stock, valued at approximately $1,253,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Camden Property Trust by 76.6% during the fourth quarter. UMB Bank n.a. now owns 226 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 98 shares during the last quarter. National Pension Service bought a new position in Camden Property Trust during the 4th quarter worth $26,000. Quent Capital LLC lifted its holdings 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 buying an additional 114 shares during the period. IAG Wealth Partners LLC acquired a new position in Camden Property Trust during the 4th quarter worth about $29,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Performance

Camden Property Trust stock traded down $8.48 during trading on Friday, hitting $110.41. The stock had a trading volume of 1,960,211 shares, compared to its average volume of 900,509. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73. The stock's 50 day moving average is $119.35 and its two-hundred day moving average is $119.08. Camden Property Trust has a 1 year low of $94.75 and a 1 year high of $127.69. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 73.61, a price-to-earnings-growth ratio of 4.41 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 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $1.05 dividend. 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. This represents a $4.20 annualized dividend and a dividend yield of 3.80%. Camden Property Trust's dividend payout ratio (DPR) is presently 280.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPT. Barclays lifted their price objective on Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered shares of 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. Scotiabank upped their price objective on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Citigroup raised shares of Camden Property Trust from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $125.00 to $138.00 in a research note on Friday, March 28th. Finally, Evercore ISI upped their price target on shares of Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $127.76.

Insider Activity

In other news, 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 value of $1,496,171.50. Following the completion of the transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at approximately $14,226,167. The trade was a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock valued at $2,912,212 over the last quarter. Company insiders own 1.80% of the company's stock.

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.