HGI Capital Management LLC Sells 2,707 Shares of Camden Property Trust (NYSE:CPT)

HGI Capital Management LLC cut its stake in Camden Property Trust (NYSE:CPT - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,131 shares of the real estate investment trust's stock after selling 2,707 shares during the quarter. Camden Property Trust comprises about 5.4% of HGI Capital Management LLC's investment portfolio, making the stock its 6th biggest position. HGI Capital Management LLC's holdings in Camden Property Trust were worth $5,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. MML Investors Services LLC boosted its holdings in Camden Property Trust by 1.6% in the third quarter. MML Investors Services LLC now owns 9,294 shares of the real estate investment trust's stock valued at $1,148,000 after purchasing an additional 147 shares during the last quarter. Barclays PLC boosted its stake in shares of Camden Property Trust by 45.4% during the 3rd quarter. Barclays PLC now owns 407,784 shares of the real estate investment trust's stock valued at $50,371,000 after buying an additional 127,358 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Camden Property Trust by 43.5% during the third quarter. Sanctuary Advisors LLC now owns 18,101 shares of the real estate investment trust's stock worth $2,225,000 after buying an additional 5,485 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Camden Property Trust in the third quarter worth $180,000. Finally, Tidal Investments LLC increased its stake in shares of Camden Property Trust by 22.2% in the third quarter. Tidal Investments LLC now owns 70,285 shares of the real estate investment trust's stock worth $8,682,000 after buying an additional 12,774 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company's stock.

Camden Property Trust Stock Up 1.6 %

CPT traded up $1.77 during trading on Wednesday, hitting $114.93. The company had a trading volume of 334,180 shares, compared to its average volume of 914,531. The firm's 50-day moving average price is $117.73 and its 200 day moving average price is $117.72. Camden Property Trust has a one year low of $97.12 and a one year high of $127.69. The company has a market capitalization of $12.50 billion, a PE ratio of 76.62, a PEG ratio of 4.41 and a beta of 0.79. The company has a quick ratio of 0.15, a current ratio of 0.14 and a debt-to-equity ratio of 0.73.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.73 EPS 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, equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio is presently 280.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 10th. Scotiabank increased their target price on shares of Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a research report on Friday, February 14th. Evercore ISI lifted their price target 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. Mizuho cut their price objective on Camden Property Trust from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered their target price on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $127.61.

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.