Generali Asset Management SPA SGR Takes Position in Camden Property Trust (NYSE:CPT)

Generali Asset Management SPA SGR bought a new stake in Camden Property Trust (NYSE:CPT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,953 shares of the real estate investment trust's stock, valued at approximately $1,967,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock worth $243,952,000 after buying an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Camden Property Trust by 508.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 946,417 shares of the real estate investment trust's stock worth $116,911,000 after acquiring an additional 790,974 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Camden Property Trust by 97.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust's stock worth $158,028,000 after acquiring an additional 630,768 shares during the period. Heitman Real Estate Securities LLC raised its position in shares of Camden Property Trust by 3,155.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 449,295 shares of the real estate investment trust's stock worth $55,501,000 after acquiring an additional 435,495 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Camden Property Trust by 14.5% in the 3rd quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock valued at $407,324,000 after purchasing an additional 416,701 shares during the period. Institutional investors and hedge funds own 97.22% of the company's stock.

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Insiders Place Their Bets

In other Camden Property Trust news, Director Heather J. Brunner sold 264 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $29,055.84. Following the sale, the director now owns 10,273 shares of the company's stock, valued at $1,130,646.38. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Alexander J. Jessett sold 1,862 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was 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 of the company's stock, valued at $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 25,548 shares of company stock valued at $2,912,212 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Camden Property Trust from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Jefferies Financial Group upgraded shares of Camden Property Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $117.00 to $139.00 in a research note on Monday, March 10th. Barclays increased their target price on shares of Camden Property Trust from $126.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price target on shares of Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. cut shares of Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $129.00 to $128.00 in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $127.19.

Camden Property Trust Stock Performance

Shares of CPT stock traded up $2.48 during trading on Monday, hitting $121.69. The company's stock had a trading volume of 717,726 shares, compared to its average volume of 857,552. 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 company has a market cap of $12.99 billion, a PE ratio of 81.12, a P/E/G ratio of 4.41 and a beta of 0.94. The business has a fifty day moving average of $117.61 and a 200-day moving average of $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 issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. As a group, research analysts anticipate that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed 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. This represents a $4.20 annualized dividend and a yield of 3.45%. This is a positive change 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 dividend payout ratio is 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.