5,349 Shares in Camden Property Trust (NYSE:CPT) Acquired by Inceptionr LLC

Inceptionr LLC purchased a new stake in Camden Property Trust (NYSE:CPT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,349 shares of the real estate investment trust's stock, valued at approximately $621,000.

A number of other hedge funds also recently modified their holdings of the company. SMART Wealth LLC acquired a new position in shares of Camden Property Trust in the third quarter valued at $829,000. Nordea Investment Management AB increased its holdings in Camden Property Trust by 15.0% in the 4th quarter. Nordea Investment Management AB now owns 97,907 shares of the real estate investment trust's stock valued at $11,339,000 after buying an additional 12,805 shares during the period. QRG Capital Management Inc. bought a new stake in Camden Property Trust in the 3rd quarter valued at $1,660,000. Franklin Resources Inc. raised its stake in shares of Camden Property Trust by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 193,685 shares of the real estate investment trust's stock valued at $23,174,000 after buying an additional 5,985 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Camden Property Trust by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 538,876 shares of the real estate investment trust's stock worth $66,563,000 after acquiring an additional 51,097 shares during the period. Institutional investors own 97.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CPT shares. Jefferies Financial Group raised shares of 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 note on Monday. Stifel Nicolaus upped their price objective on Camden Property Trust from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. cut Camden Property Trust from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $129.00 to $128.00 in a report on Tuesday, December 17th. Evercore ISI boosted their price target on Camden Property Trust from $118.00 to $127.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Truist Financial upped their price target on Camden Property Trust from $122.00 to $129.00 and gave the company a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Camden Property Trust has a consensus rating of "Hold" and a consensus target price of $127.19.

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Camden Property Trust Price Performance

Shares of CPT traded down $1.55 during mid-day trading on Tuesday, hitting $120.48. 829,370 shares of the company traded hands, compared to its average volume of 868,255. 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 stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 80.32, a PEG ratio of 4.41 and a beta of 0.94. The business has a 50-day moving average of $116.54 and a 200 day moving average of $119.56. Camden Property Trust has a one year low of $94.75 and a one year high of $127.69.

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, 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, equities analysts expect that Camden Property Trust will post 6.76 earnings per share for the current fiscal 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 represents a $4.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's dividend payout ratio (DPR) is 280.00%.

Insider Transactions at Camden Property Trust

In other news, CFO Alexander J. Jessett sold 13,067 shares of the firm's 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 transaction, the chief financial officer now directly owns 124,246 shares in the company, valued at $14,226,167. This trade represents a 9.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Heather J. Brunner sold 1,853 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 $212,168.50. Following the sale, the director now directly owns 10,537 shares of the company's stock, valued at approximately $1,206,486.50. This trade represents a 14.96 % 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 in the last quarter. 1.80% of the stock is owned by company insiders.

Camden Property Trust Company 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.