Camden Property Trust (NYSE:CPT) Shares Sold by First Financial Bankshares Inc

First Financial Bankshares Inc lowered its position in Camden Property Trust (NYSE:CPT - Free Report) by 32.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,164 shares of the real estate investment trust's stock after selling 76,944 shares during the period. First Financial Bankshares Inc owned about 0.15% of Camden Property Trust worth $18,934,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in Camden Property Trust during the fourth quarter valued at $540,000. Generali Asset Management SPA SGR purchased a new position in shares of Camden Property Trust in the fourth quarter valued at about $1,967,000. Cibc World Markets Corp lifted its position in shares of Camden Property Trust by 12.3% in the fourth quarter. Cibc World Markets Corp now owns 47,907 shares of the real estate investment trust's stock valued at $5,559,000 after acquiring an additional 5,244 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Camden Property Trust by 7.1% in the fourth quarter. Natixis Advisors LLC now owns 26,886 shares of the real estate investment trust's stock valued at $3,120,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Camden Property Trust by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,350 shares of the real estate investment trust's stock valued at $853,000 after acquiring an additional 461 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

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Camden Property Trust Trading Down 0.7 %

Shares of NYSE CPT traded down $0.89 during trading hours on Friday, reaching $119.16. The stock had a trading volume of 1,696,728 shares, compared to its average volume of 858,113. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 79.44, a P/E/G ratio of 4.41 and a beta of 0.94. The business's fifty day moving average price is $117.61 and its two-hundred day moving average price is $119.22. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced 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 3.35% and a net margin of 10.58%. Analysts expect that Camden Property Trust will post 6.76 EPS 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. Shareholders of record on Monday, March 31st will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a yield of 3.52%. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is currently 280.00%.

Insiders Place Their Bets

In other news, Director Heather J. Brunner sold 264 shares of the stock in a transaction on Wednesday, January 8th. The stock was 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 owns 10,273 shares in the company, valued at approximately $1,130,646.38. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alexander J. Jessett sold 1,862 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total value of $204,931.72. Following the completion of the transaction, the chief financial officer now directly owns 122,384 shares in the company, valued at approximately $13,469,583.04. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $2,912,212 over the last 90 days. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Evercore ISI boosted their price objective on 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. JPMorgan Chase & Co. downgraded Camden Property Trust from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Wells Fargo & Company decreased their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Finally, 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, March 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Camden Property Trust currently has a consensus rating of "Hold" and a consensus target price of $127.19.

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.