HighTower Advisors LLC Has $7.17 Million Stock Position in Camden Property Trust (NYSE:CPT)

HighTower Advisors LLC boosted its stake in Camden Property Trust (NYSE:CPT - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,791 shares of the real estate investment trust's stock after acquiring an additional 3,935 shares during the quarter. HighTower Advisors LLC owned about 0.06% of Camden Property Trust worth $7,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPT. Wellington Management Group LLP boosted its holdings in Camden Property Trust by 86.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock worth $243,952,000 after acquiring an additional 918,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Camden Property Trust by 508.9% in 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 valued at $116,911,000 after purchasing an additional 790,974 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Camden Property Trust by 97.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,279,266 shares of the real estate investment trust's stock valued at $158,028,000 after purchasing an additional 630,768 shares in the last quarter. 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 valued at $55,501,000 after purchasing an additional 435,495 shares in the last quarter. Finally, FMR LLC raised its position 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 in the last quarter. Hedge funds and other institutional investors own 97.22% of the company's stock.

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Insider Transactions at Camden Property Trust

In related news, Director Heather J. Brunner sold 264 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 10,273 shares of the company's stock, valued at $1,130,646.38. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Alexander J. Jessett sold 13,067 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total value of $1,496,171.50. Following the transaction, the chief financial officer now directly owns 124,246 shares of the company's stock, valued at $14,226,167. This represents a 9.52 % 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. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CPT has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered Camden Property Trust from a "neutral" rating to an "underweight" rating and cut their target price for the company from $129.00 to $128.00 in a research report on Tuesday, December 17th. Jefferies Financial Group raised Camden Property Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $117.00 to $139.00 in a research report on Monday, March 10th. Barclays upped their price target on Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their price target 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. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $127.19.

Camden Property Trust Stock Performance

NYSE CPT traded down $0.89 during trading hours on Friday, hitting $119.16. The company had a trading volume of 1,696,728 shares, compared to its average volume of 857,957. Camden Property Trust has a fifty-two week low of $94.75 and a fifty-two week high of $127.69. The firm has a market cap of $12.72 billion, a P/E ratio of 79.44, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The business has a fifty day simple moving average of $117.61 and a 200-day simple moving average of $119.32. 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 released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) 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 analysts predict that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared 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 a boost from Camden Property Trust's previous quarterly dividend of $1.03. The ex-dividend date is Monday, March 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.52%. Camden Property Trust's dividend 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.